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>> Which of these gives the lowest effective rate of interest ?
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Q. Which of these gives the lowest effective rate of interest ?
a.
12.35 % compounded annually
b.
11.90 % compounded annually
c.
12.20 % compounded annually
d.
11.60 % compounded annually
ANSWER: 11.60 % compounded annually
Answer & Explanation
No explanation is available for this question!
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