Calculate the effective rate of interest for the first year, if the rate of interest is 22.2% p.a. compounded quarterly? (rounding the answer to 6 significant decimal figures) O a. 0.238692 O b. 0.241175 Oc. 0.234321 O d. 0.246041 O e. 0.248622 Questi Not ye Marke P Fla

Calculate the effective rate of interest for the first year, if the rate of interest is 222% pa compounded quarterly? (rounding the answer to 6 -significant decimal figures) a. 0.238692 b. 0.241175 c. 0.234321 d 0.246041 e. 0.248622 Calculate the effective rate of interest for the first year, if the rate of interest is 22.2% pa compounded quarterly? (rounding the answer to 6 significant decimal figures) a. 0.238692 b 0.241175 c. 0.234321 d. 0.246041 e. 0.248622