Mathematics for FinancePYQ Nov 19Question 1297 of 479
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What is the effective rate of interest if the nominal rate 5%\displaystyle 5\% p.a converted quarterly?

Options

A6.09%\displaystyle 6.09\%
B5.09%\displaystyle 5.09\%
C5.38%\displaystyle 5.38\%
D5.30%\displaystyle 5.30\%
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Correct Answer

Option b5.09%\displaystyle 5.09\%

All Options:

  • A6.09%\displaystyle 6.09\%
  • B5.09%\displaystyle 5.09\%
  • C5.38%\displaystyle 5.38\%
  • D5.30%\displaystyle 5.30\%

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