ACI
3I0-013 · Question #59
On Friday, your trader lends GBP 10,000,000.00 overnight at 0.60%. The instructions are for repayment of principal + interest. How much would you expect to be repaid?
The correct answer is C. GBP 10,000,493.15. See the full explanation below for the reasoning.
Question
On Friday, your trader lends GBP 10,000,000.00 overnight at 0.60%. The instructions are for repayment of principal + interest. How much would you expect to be repaid?
Options
- AGBP 10,000,500.00
- BGBP 10,000,164.38
- CGBP 10,000,493.15
- DGBP 10,000,166.67
How the community answered
(31 responses)- A10% (3)
- B3% (1)
- C81% (25)
- D6% (2)
Community Discussion
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