Numerical - Frequency of compounding

Q.  If nominal rate of return is 10% per annum and annual effective rate of interest is 10.25% per annum, determine the frequency of compounding:
- Published on 04 Sep 15

a. 1
b. 2
c. 3
d. None of the above

ANSWER: 2

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  • yismaw   -Posted on 15 Sep 18
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