The effective rate that is equivalent to - CUETMOCK

Practicing Success

Start Free Mocks

Follow :

CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks

Home Questions 34BVJVEX5Z

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The effective rate that is equivalent to a nominal rate of 10 % compounded semi-annually is :

Options:

11.15%

10.25%

9.5%

10.75%

Correct Answer:

10.25%

CUET Questions