Math, asked by dubey1001sunil, 2 months 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…

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