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AAFM Exam CWM_LEVEL_2 Topic 6 Question 38 Discussion
Actual exam question for
AAFM's
CWM_LEVEL_2 exam
Question #: 38
Topic #: 6
[All CWM_LEVEL_2 Questions]
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?
Suggested Answer:
A
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