₹ 5000 is invested in a Term Deposit Scheme that fetches interest 6% per annum compounded quarterly. What will be the interest after one year ? What…
CA Foundation · Quantitative Aptitude · MTP · June 2024
₹ 5000 is invested in a Term Deposit Scheme that fetches interest 6% per annum compounded quarterly. What will be the interest after one year ? What is effective rate of interest:
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 306.82, 6.13%
Topics: Part-A: Business Mathematics
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