12b.3Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › 12b.3This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts September 1, 2021 at 11:08 pm #633885 johnbrianeMemberTopics: 170Replies: 160☆☆☆Dear sirIn this question why did we use effective annual interest rateWhy couldn’t we just Apply the compounding interest formula and solve this questionWhy did we Take EAR into the pictureThank you September 2, 2021 at 7:42 am #633920 John MoffatKeymasterTopics: 56Replies: 53858☆☆☆☆☆You could do it that way and arrive at the same answer. How you get to the answer does not matter in the exam (because nobody will look at your workings 🙂 )AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In