Question

The effective rate of interest corresponding to a nominal rate
3.
(b) 3.25%
(a) 3.2% p.a
p.a
(c) 3.0225% p.a
(d) none of these
A machine is depreciated at the rate of 20% on reducing balance. The original cost of t
7 30000. The effective life of​

Answer 1

Answer:

correct answer is:(e) 3.0225%