Over a given year the force of interest p.a is a linear function of time, falling from 0.15 at the start of the year to 0.12 at the end of the year. The value at the start of the year of the nominal...

Over a given year the force of interest p.a is a linear function<br>of time, falling from 0.15 at the start of the year to 0.12 at the<br>end of the year. The value at the start of the year of the<br>nominal rate of interest per annum on a transaction of 1<br>month term is:<br>Select one:<br>a. 0.28<br>O b.0.14<br>c. 0.07<br>d. 0.21<br>

Extracted text: Over a given year the force of interest p.a is a linear function of time, falling from 0.15 at the start of the year to 0.12 at the end of the year. The value at the start of the year of the nominal rate of interest per annum on a transaction of 1 month term is: Select one: a. 0.28 O b.0.14 c. 0.07 d. 0.21

Jun 11, 2022

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Over a given year the force of interest p.a is a linear function of time, falling from 0.15 at the start of the year to 0.12 at the end of the year. The value at the start of the year of the nominal...

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