Hi If in future value of annuity question it is not given that the rate of return percentage is p.a or it is monthly and even its not mention about compound, just in question its mention that in next 4 years a man will invest 3000£ yearly. How can I treat this question? Do I need to treat return percentage as p.a?
You would always assume it to be per year unless told differently (although in the exam you will almost certainly be always told whether or not it is per year).
It is always compounded unless you are specifically told otherwise.