179k views
4 votes
if rs. 50000 is borrowed as loan at a quarterly interest rate of 3 %, the effective interest rate when the interest is compounded monthly is

User Arcegk
by
8.3k points

1 Answer

1 vote

:i think itś 4,080

Step-by-step explanation:

User Dayan Moreno Leon
by
7.7k points