Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • Jobs
  • Find the effective rate of interest if the normal rate of interest is 10% p.a. and the interest is compounded every six months.

Find the effective rate of interest if the normal rate of interest is 10% p.a. and the interest is compounded every six months.

  • Option 1)

    21.5%

  • Option 2)

    10.25%

  • Option 3)

    5.25%

  • Option 4)

    11%

  • Option 5)

    10%

Answers (1)

best_answer

for this take 100 as principal

R = 10 % and half yearly rate will be 5 %

5+5+0.25 = 10.25 %

Posted by

rishi.raj

View full answer

Similar Questions

Latest Question