Effective rate of interest does not depend upon

CA Foundation · Quantitative Aptitude · MTP · September 2025
Effective rate of interest does not depend upon
(A) A. Amount of Principal
(B) B. Amount of Interest
(C) C. Number of conversion periods
(D) D. none of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Amount of Principal

Topics: Part-A: Business Mathematics

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