General Studies · Term Deposit Rules
If interest on a domestic fixed deposit is compounded quarterly, and the account is opened on January 1, 2024, on which date will the first compounding interest period be completed?
- 1April 1, 2024
- 2March 31, 2024✓
- 3June 1, 2024
- 4January 31, 2024
Correct answer
March 31, 2024
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