Mathematics
Mathematics, 10.11.2020 17:00, tbixler2021

Gavin deposited money into his savings account that is compounded annually at an interest rate of 9%. Gavin thought the equivalent quarterly interest rate would be 2.25%. Is Gavin correct? If he is, explain why. If he is not correct, state what equivalent quarterly interest rate is and show how you got your answer. ( Please only answer if you know how to. Brainliest answer.

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Gavin deposited money into his savings account that is compounded annually at an interest rate of 9%...

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