The effective rate equivalent to a nomin - CUETMOCK

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Home Questions EU5CARKPG4

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The effective rate equivalent to a nominal rate of 8% per annum compounded semi-annually is :

Options:

8.20%

8.24%

8%

8.16%

Correct Answer:

8.16%

CUET Questions