If the nominal rate of interest is 10% per annum and there is quarterl – McqOptions

MCQOPTIONS

1.	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
Answer» E.

Discussion

No Comment Found

Related MCQs

When there is high inflation in the economy, how will it affect the supply of money in the economy?
The costs those which neither contributes to function nor the appearance of the product is called
Refer to the cash flow diagram of uniform gradient in a cash flow (in the given figure), the gradient is:
Determine total as well as per unit contribution if Sales is Rs 40,000, Sales in units is 4,000 and variable cost is Rs 30,000.
If nominal rate of return is 10% per annum and annual effective rate of interest is 10.25% per annum, determine the frequency of compounding:
If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be:
The term marginal cost can be used as a substitute of variable cost while measuring Contribution.
Given selling price is Rs 10 per unit, variable cost is Rs 6 per unit and fixed cost is Rs 5,000. What is break-even point?
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:
Pick up the ratio which gives us sufficient information by which to judge the financial condition and performance of the firm, from the following: