Mathematics for FinancePYQ May 19Question 1289 of 422
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If the effective rate of interest is $11\%$ per annum and the interest is compounded quarterly, the nominal rate of interest per annum is

Options

A$11.25\%$
B$11.21\%$
C$11.89\%$
D$11.49\%$
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Correct Answer

Option d$11.49\%$

All Options:

  • A$11.25\%$
  • B$11.21\%$
  • C$11.89\%$
  • D$11.49\%$

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