Find the effective interest rate, if nominal rate is 12% per annum, quarterly compounding.

CA Foundation · Quantitative Aptitude · PYQS · May 2026
Find the effective interest rate, if nominal rate is 12% per annum, quarterly compounding.
(A) A. 12%
(B) B. 12.36%
(C) C. 12.55%
(D) D. 13%

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 12.55%

Topics: Part-A: Business Mathematics

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