Mathematics for FinancePYQ May 19Question 1284 of 479
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The effective rate of interest for one year corresponding to a nominal at 7%\displaystyle 7\% rate of interest per annum convertible quarterly is

Options

A7%\displaystyle 7\%
B7.02%\displaystyle 7.02\%
C8%\displaystyle 8\%
D7.18%\displaystyle 7.18\%
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Correct Answer

Option a7%\displaystyle 7\%

All Options:

  • A7%\displaystyle 7\%
  • B7.02%\displaystyle 7.02\%
  • C8%\displaystyle 8\%
  • D7.18%\displaystyle 7.18\%

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