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If the effective rate of interest is 12% per annum and the interest is compounded quarterly, the nominal rate of interest per annuma)11.78 %b)11.21 %c)11.89%d)11.49 %Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If the effective rate of interest is 12% per annum and the interest is compounded quarterly, the nominal rate of interest per annuma)11.78 %b)11.21 %c)11.89%d)11.49 %Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the effective rate of interest is 12% per annum and the interest is compounded quarterly, the nominal rate of interest per annuma)11.78 %b)11.21 %c)11.89%d)11.49 %Correct answer is option 'D'. Can you explain this answer?.

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