For the nominal rate of 18 % p.a.
[given that : ]
Match List-I with List-II
List-I List-II Nominal rate Compounded Effective rate (A) Annually (I) 18.81% (B) Semi-annually (II) 19.56% (C) Quarterly (III) 18% (D) Monthly (IV) 19.25%
Choose the correct answer from the options given below:
For the nominal rate of 18 % p.a.
[given that : ]
Match List-I with List-II
| List-I | List-II |
|---|---|
| Nominal rate Compounded | Effective rate |
| (A) Annually | (I) 18.81% |
| (B) Semi-annually | (II) 19.56% |
| (C) Quarterly | (III) 18% |
| (D) Monthly | (IV) 19.25% |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 2
Effective rate . Annually it stays 18% (III). Semi-annually gives 18.81% (I). Quarterly gives 19.25% (IV). Monthly gives 19.56% (II).
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