Mathematics for FinanceMTP Mar 22Question 1348 of 479
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Find the effective rate of interest at 10%\displaystyle 10\% p.a when the interest is payable quarterly.

Options

A10.38%\displaystyle 10.38\%
B5%\displaystyle 5\%
C5.04%\displaystyle 5.04\%
D4%\displaystyle 4\%
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Correct Answer

Option a10.38%\displaystyle 10.38\%

All Options:

  • A10.38%\displaystyle 10.38\%
  • B5%\displaystyle 5\%
  • C5.04%\displaystyle 5.04\%
  • D4%\displaystyle 4\%

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