Mathematics for FinancePYQ Nov 19Question 1297 of 422
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What is the effective rate of interest if the nominal rate $5\%$ p.a converted quarterly?

Options

A$6.09\%$
B$5.09\%$
C$5.38\%$
D$5.30\%$
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Correct Answer

Option b$5.09\%$

All Options:

  • A$6.09\%$
  • B$5.09\%$
  • C$5.38\%$
  • D$5.30\%$

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