49. The annual rate of interest on a 3-month Rs. 10,000 bond that sells for Rs. 9,600 is:S-A. 12%B. 10%C. 14%KANIKAD. 16%

An effective annual rate is the genuine profit from a bank account or any premium paying…

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49. The annual rate of interest on a 3-month Rs. 10,000 bond that sells for Rs. 9,6 A. 12% B. 10% KE C. 14% D. 16%

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: The Basic Tools Of Finance

Section: Chapter Questions

Problem 2CQQ

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Question

49. The annual rate of interest on a 3-month Rs. 10,000 bond that sells for Rs. 9,600 is:
S-
A. 12%
B. 10%
C. 14%
KANIKA
D. 16%

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