AAFM Exam CWM_LEVEL_2 Topic 6 Question 38 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 38
Topic #: 6

Section C (4 Mark)

Read the senario and answer to the question.

If the interest on a sum of amount is compounded annually at the rate of 14% per annum for 3 years, what is the effective continuously compounding rate of interest?

A13.10%

B16.10%

C12.10%

D15.10%

Show Suggested Answer

Suggested Answer: A

by Mariann at May 07, 2022, 12:55 AM

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