Mathematics for FinancePYQ May 19Question 1289 of 479
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If the effective rate of interest is 11%\displaystyle 11\% per annum and the interest is compounded quarterly, the nominal rate of interest per annum is

Options

A11.25%\displaystyle 11.25\%
B11.21%\displaystyle 11.21\%
C11.89%\displaystyle 11.89\%
D11.49%\displaystyle 11.49\%
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Correct Answer

Option d11.49%\displaystyle 11.49\%

All Options:

  • A11.25%\displaystyle 11.25\%
  • B11.21%\displaystyle 11.21\%
  • C11.89%\displaystyle 11.89\%
  • D11.49%\displaystyle 11.49\%

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