MCQOPTIONS
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| 1. |
Rate charged by bank 12.5% on credit loans and 3% semi-annually on instalment loans is considered as |
| A. | eriodic rate |
| B. | erpetuity rate of return |
| C. | nnual rate |
| D. | nnuity rate of return |
| Answer» B. erpetuity rate of return | |