Math, asked by daniel577, 10 months ago

131. Ram is confused whether to invest at 9%
p.a. compounded monthly or 9.25% pa
simple interest, given that (1+0.0075)
12.
= 1.09380690. The student decided to
find effective rate of interest which is
a) 9%
b) 9.25% (MQB)
c) 9.38%
d) None

Answers

Answered by har858

3

Step-by-step explanation:

9.38% I think this only

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