Mathematics for FinancePYQ Nov 20Question 1209 of 422
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An amount is lent at a nominal rate of $4.5\%$ per annum compounded quarterly. What would be the gain in rupees over when compounded annually?

Options

A$0.56$
B$0.45$
C$0.076$
D$0.85$
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Correct Answer

Option d$0.85$

All Options:

  • A$0.56$
  • B$0.45$
  • C$0.076$
  • D$0.85$

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