Curioustab

Home » Aptitude » Compound Interest

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:2.1

1
2
3
4

Correct Answer: 4

Explanation:

i=j/m

← Previous Question Next Question→

More Questions from Compound Interest

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:0.7
Determine the nominal rate of interest if: The periodic rate is 0.83% per month
Other things being equal, would an investor prefer an interest rate of 10.5% compounded monthly or 11% compounded annually for a two-year investment?
If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $10,000 after 3 years?
Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.
What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year
What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?
At what rate of compound interest (in %) per annum will a sum of Rs. 15,000 become Rs. 18,150 in 2 years?
If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?
A bank offers 15% compound interest per half year. A customer deposits Rs 8800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is _____.

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion