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Learn mathematics of finance MCQ: interest rate per year is 16 and compounding occurs every quarter then interest rate per compounding period is with choices 0.4, 0.04, 40, and 0.004 for online courses for business management degree. Practice merit scholarships assessment test, online learning single payment computations quiz questions for competitive exams in math majors for online bachelor's degree in business management.

MCQ: Interest rate per year is 16 and compounding occurs every quarter then interest rate per compounding period is

1. 0.4
2. 0.04
3. 40
4. 0.004

B

MCQ: Nominal rate which is compounded more frequently than annually is equal to interest rate

1. compounded annually
2. compounded monthly
3. discounted annually
4. discounted monthly

A

MCQ: In formula of simple interest, definition of period implies on

1. i and n
2. p and n
3. I and P
4. p and P

A

MCQ: Interest rate per year is 24% and compounding occurs every month then interest rate per compounding period is

1. 3
2. 0.2
3. 0.02
4. 20

C

MCQ: Interest earned plus principal amount is considered as

1. semiannual amount
2. compound amount
3. discount amount
4. annual amount

B