Mr. Ravi allocates a corpus of ₹ 50,000 into a term deposit account which accrues interest at a nominal annual rate of 10%, compounded on a…
CA Foundation · Quantitative Aptitude · PYQS · January 2026
Mr. Ravi allocates a corpus of ₹ 50,000 into a term deposit account which accrues interest at a nominal annual rate of 10%, compounded on a quarterly basis. What will be the effective annual rate of interest?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 10.38%
Topics: Part-A: Business Mathematics
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