Mathematics, 19.07.2021 04:50 angelcat9137

If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be: a) 10% per annum b) 10.10 per annum c) 10.25%per annum d) 10.38% per annum

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If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be: a) 10% per annum b) 10.10 per annum c) 10.25%per annum d) 10.38% per annum​

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If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be: a) 10% per annum b) 10.10 per annum c) 10.25%per annum d) 10.38% per annum