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Prashant Aggarwal

· started a discussion

· 1 Months ago

kehna kya chahte ho (Question: 112238.0 )

.

Question:
A limited company advertises a coupon rate of interest as k% on its fixed deposits. If the interest is compounded n times a year, then the effective rate of compound interest from year to year works out to:
Options:
A) \(100\left [ \left ( 1+\cfrac{k}{100n}\right )^n-1 \right ]\)
B) \(\left (1+ \cfrac {k}{n} \right )^n-1\)
C) \(\cfrac{100}{n}\left [x \left ( 1+\cfrac{k}{100}\right )^n-1 \right ]\)
D) \(100n\left [ \left ( 1+\cfrac{n}{100n}\right )^k-1 \right ]\)
Solution:
Ans: (a)

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