Financial Accounting

1: If compounding is done quarterly in year, the effective rate of interest is equal to

A.	4 x nominal rate of interest
B.	(1 + nominal rate of interest / 4)⁴
C.	(1 + nominal rate of interest)/ 4
D.	All of the above
	Answer : B Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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