The finance company providing loans at 3% with five compounding periods per year

Question

The finance company providing loans at 3% with five compounding periods per year, the nominal annual rate is classified as

Options:

A . 0.15

B . 0.006

C . 0.1

D . 0.01667

Answer: Option A
Answer: (a).0.15

Was this answer helpful ?

Next Question

More Questions on This Topic :

Question 1. The periodic rate if it is multiplied with per year number of compounding periods is called....

Question 2. The values of assets purchased or the liabilities recorded as recorded by bookkeepers are considered as....

Question 3. In calculation of net cash flow, the deferred tax payments are classified as....

Question 4. The type of interest rates consist of....

Question 5. The method of inventory recording gives lower cost of goods sold in the income statement is classified as....

Question 6. The land, buildings, and factory fixed equipment are classified as....

Question 7. The rate of return that an investment provides its investor is classified as....

Question 8. In the situation of bankruptcy, the stock which is recorded above common stock and below debt account is....

Question 9. If security pays $5,000 in 20 years with 7% annual interest rate, the PV of security by using formula is....

Question 10. An interest rate which is quoted by brokers, banks and other financial institutions is classified as....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0