Math, asked by suhailpk63, 5 months ago

the effective rate of interest corresponding a nomial rate of 7% p.a convertible quarterly is?

Answers

Answered by Anonymous

4

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r = 7% p.a i.e 1.75% per quarter(7/4).
so 1 +reff = (1.0175)4

⠀⠀ = 1.071859

⠀⠀implies reff = 7.1859

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Answered by maheshwaranmani2006

0

Answer:

7.5OR 7.10%

Step-by-step explanation:

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