If a principle is compounded quarterly at a nominal interest of 12 per cent for 5 years

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If a principle is compounded quarterly at a nominal interest of 12 per cent for 5 years and if the number of interest periods is 20, then the interest rate is

(a) 2%

(b) 3%

(c) 4%

(d) 5%

AppendixLO1

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Production And Operations Management

ISBN: 978-8120345553

3rd Edition

Authors: Panneerselvam

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Question Posted: Sep 20, 2024 03:02 AM

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If a principle is compounded quarterly at a nominal interest of 12 per cent for 5 years and if the number of interest periods is 20, then the interest rate is (a) 2% (b) 3% (c) 4% (d) 5% AppendixLO1
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If a principle is compounded quarterly at a nominal interest of 12 per cent for 5 years

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Production And Operations Management

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