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Applied Mathematics · 2023 · 1 mark
CBSE 2023 · Central · Set 4 · Q17
The effective rate which is equivalent to nominal rate of 10 % p.a. compounded quarterly is:
The effective rate which is equivalent to nominal rate of $\displaystyle 10 \%$ p.a. compounded quarterly is:
Official answer
(B)
$\displaystyle 10.38 \%$
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CBSE Class 12 Applied Mathematics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.