Chapter 4 test

Answered 0 of 25Pass mark 60%

Question 1 of 25

A credit card company charges interest of 3.5% per month on revolving credit. What is the approximate compounded annual cost of this borrowing?

About 51.1%42.0%About 42.6%3.5%

Practice questions are based on the NISM Series X-A workbook (February 2025), updated for later SEBI/RBI changes up to November 2026. Always check the latest NISM syllabus before your exam. Video lessons on YouTube ↗