Math, asked by dubey1001sunil, 7 hours ago

If nominal rate of interest is 4% per annum and interest is compounded quarterly, then find the effective rate of interest.

Answers

Answered by n1687453

Answer:

The time standard for interest computations – One Year ... One quarter: 3 months – 4 quarters/year ... “ Interest is “12.5% per year, compounded monthly” ... The true Effective Interest Rate is then applied…

Previous Question

Next Question

Similar questions

Science, 4 hours ago

The component of food absorbed in large intestine is a) Carbohydrate b) protein c) Water d) Fats...

English, 4 hours ago

anybody please give me answer...

India Languages, 4 hours ago

ਜਨਮ ਦਿਨ ਹਰ ਬੱਚੇ ਲਈ ਬੜਾ ਖ਼ਾਸ ਦਿਨ ਹੁੰਦਾ ਹੈ। ਪਰ ਅੱਜ ਦੀ ਮਹਾਂਮਾਰੀ ਵਿੱਚ ਜਦੋਂ ਇਕੱਠੇ ਹੋ ਕੇ ਪਾਰਟੀ ਨਹੀਂ ਕਰ ਸਕਦੇ ਤਾਂ ਤੁਸੀਂ ਆਪਣੇ ਜਨਮ-ਦਿਨ ਨੂੰ ਯਾਦਗਾਰ ਬਣਾਉਣ ਲਈ ਕੁੱਝ ਵੱਖਰਾ ਹੀ ਕਰੋਗੇ? ਆਪਣਾ ਤਜਰਬਾ 80-100 ਸ਼ਬਦਾਂ ਵਿੱਚ ਸਾਂਝਾ ਕਰੋ...

English, 7 hours ago

What effect does this flash have upon the poet ?!? _____________________________ Chapter- 4 - The daffodils...

Social Sciences, 7 hours ago

What is 'Saptarishimandal' ?

Social Sciences, 7 months ago

How is Indian democratic system is similar to the Belgium model ?

Sociology, 7 months ago

What happens if your father drinks daily? How will you get affected. Anyone please help as this is being practiced regularly at my place.

Geography, 7 months ago

hi does anyone know that we're was the exact location when the fist case of coronavirus was detected in the world...