Mathematics for FinanceMTP Dec 23Question 1396 of 422
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Nominal Rate of Interest is $9.9\%$ p.a. If Interest is compounded monthly, what will be effective rate of Interest.

Options

A$10.36\%$
B$9.36\%$
C$11.36\%$
D$9.9\%$
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Correct Answer

Option a$10.36\%$

All Options:

  • A$10.36\%$
  • B$9.36\%$
  • C$11.36\%$
  • D$9.9\%$

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