The effective rate of interest corresponding to a nominal rate of 8% per annum payable quarterly is (Given that (1.02) 4 = 1.08243216)
CA Foundation · Quantitative Aptitude · MTP · April 2025
The effective rate of interest corresponding to a nominal rate of 8% per annum payable quarterly is (Given that (1.02) 4 = 1.08243216)
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 8.24%
Topics: Part-A: Business Mathematics
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