Home
Class 14
MATHS
Find the effective annual rate of 4 per ...

Find the effective annual rate of 4 per cent per annum compound interest paid quarterly.

A

`4.0604%`

B

`4.0604%`

C

`5.0605%`

D

`5.605%`

Text Solution

Verified by Experts

The correct Answer is:
A
Promotional Banner

Topper's Solved these Questions

  • CHAIN RULE

    UPKAR PUBLICATION |Exercise QUESTION BANK |43 Videos

  • DATA ANALYSIS

    UPKAR PUBLICATION |Exercise QUESTION BANK|75 Videos

Similar Questions

Explore conceptually related problems

Find the compound interest on Rs 10000 for 1 year at 20% per annum compounded quarterly.

Find the amount to be paid at the end of 1 year on Rs1800 at 8% per annum compounded quarterly.

Find the compound interest on Rs 8000 for 9 months at 20% per annum compounded quarterly.

Suresh and Naresh borrowed Rs. 62500 and Rs. 60000 respectively for a period of 2 years. Suresh paid simple interest at the rate of 4% per annum, while Naresh paid compound interest at the same rate compounded annually. Who paid more interest and by how much ?

Suppose a certain sum doubles in 2 years at r % rate of simple interest per annum or at R% rate of interest per annum compounded annually. We have

UPKAR PUBLICATION -COMPOUND INTEREST-QUESTION BANK
  1. A sum of money put out at compound interest amounts in 2 years to Rs. ...

    Text Solution

    |

  2. Find what is that first year in which a sum of money will become more ...

    Text Solution

    |

  3. Find the compound interest on Rs 8000 for 1 (1/2) years at 10% per ann...

    Text Solution

    |

  4. If the interest of a certain sum for the first year at 8% p.a. compoun...

    Text Solution

    |

  5. If the simple interest on certain sum of money be Rs. 40 for 2 years a...

    Text Solution

    |

  6. Neeraj saves Rs. 400 at the end of each year and lends this saving at ...

    Text Solution

    |

  7. If the compound interest of a certain sum of money for 2 years at 5% p...

    Text Solution

    |

  8. What will be the approximate compound interest on Rs. 10105 at 10% p.a...

    Text Solution

    |

  9. The compound interest on a certain sum for two successive years are Rs...

    Text Solution

    |

  10. The cash price of a refrigerator is Rs. 7044. A customer paid Rs. 2000...

    Text Solution

    |

  11. A moneylender lends Rs. 2000 for 6 months at 20% per annum whereas the...

    Text Solution

    |

  12. If a sum of money placed at compound interest becomes 3 times of itsel...

    Text Solution

    |

  13. In what time will Rs. 6250 amount to Rs. 6632·55 at 4% compound intere...

    Text Solution

    |

  14. The least number of complete years in which a sum of money put out at ...

    Text Solution

    |

  15. In what time will Rs. 390625 amount to Rs. 456976 at 4 percent compoun...

    Text Solution

    |

  16. Find the effective annual rate of 4 per cent per annum compound intere...

    Text Solution

    |

  17. Find the effective annual rate of 5 percent per annum compound interes...

    Text Solution

    |

  18. A person invested a certain amount at simple interest at the rate of 6...

    Text Solution

    |

  19. The difference between the simple and the compound interest compounded...

    Text Solution

    |

  20. Vijay obtains a loan of Rs. 64000 against his fixed deposits. If th...

    Text Solution

    |