Mathematics for FinancePYQ Jun 23Question 1244 of 479
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The nominal rate of interest is 10%\displaystyle 10\% per annum. The interest is compounded quarterly. The effective rate of interest per annum will be:

Options

A10%\displaystyle 10\%
B10.10%\displaystyle 10.10\%
C10.25%\displaystyle 10.25\%
D10.38%\displaystyle 10.38\%
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Correct Answer

Option a10%\displaystyle 10\%

All Options:

  • A10%\displaystyle 10\%
  • B10.10%\displaystyle 10.10\%
  • C10.25%\displaystyle 10.25\%
  • D10.38%\displaystyle 10.38\%

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