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  • 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%</d

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

 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

Shailly goel

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