Which of the following schemes of computing interest yields the maximu – McqOptions

MCQOPTIONS

1.	Which of the following schemes of computing interest yields the maximum interest for a year?
A.	Interest compounded every year at 24%. p.a.
B.	Interest compounded monthly at 2% per month.
C.	Interest compounded per quarter 6% per quarter.
D.	Interest compounded every six months at 12% for every-6 months
Answer» C. Interest compounded per quarter 6% per quarter.

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