## The effective rate of interest corresponding to a nominal rate

3.

(b) 3.25%

(a) 3.2% p.a

p.a

(c) 3.0225% p.a

(d) none of these

A machine is depreciated at the rate of 20% on reducing balance. The original cost of t

7 30000. The effective life ofâ€‹

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# The effective rate of interest corresponding to a nominal

##
The effective rate of interest corresponding to a nominal rate

##

3.

(b) 3.25%

(a) 3.2% p.a

p.a

(c) 3.0225% p.a

(d) none of these

A machine is depreciated at the rate of 20% on reducing balance. The original cost of t

7 30000. The effective life ofâ€‹