If the interest rate on a loan as 1% per month, the effective annual rate of interest is:
CA Foundation · Quantitative Aptitude · MTP · September 2024
If the interest rate on a loan as 1% per month, the effective annual rate of interest is:
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 12.68%
Topics: Part-A: Business Mathematics
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