Mathematics for FinancePYQ Nov 18Question 1186 of 422
All Questions

The effective rate of interest for one year deposit corresponding to a nominal $7\%$ rate of interest per annum convertible quarterly is

Options

A$7\%$
B$7.5\%$
C$7.4\%$
D$7.18\%$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option c$7.4\%$

All Options:

  • A$7\%$
  • B$7.5\%$
  • C$7.4\%$
  • D$7.18\%$

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 422 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free