Mathematics for FinancePYQ Nov 20Question 1209 of 479
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An amount is lent at a nominal rate of 4.5%\displaystyle 4.5\% per annum compounded quarterly. What would be the gain in rupees over when compounded annually?

Options

A0.56\displaystyle 0.56
B0.45\displaystyle 0.45
C0.076\displaystyle 0.076
D0.85\displaystyle 0.85
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Correct Answer

Option d0.85\displaystyle 0.85

All Options:

  • A0.56\displaystyle 0.56
  • B0.45\displaystyle 0.45
  • C0.076\displaystyle 0.076
  • D0.85\displaystyle 0.85

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