Q. If the nominal rate of interest is 10% per annum and there is quarterlycompounding, the effective rate of interest will be: (Solved)
1. 10% per annum
2. 10.10 per annum
3. 10.25%per annum
4. 10.38% per annum
- d. 10.38% per annum
1. 10% per annum
2. 10.10 per annum
3. 10.25%per annum
4. 10.38% per annum