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Target Exam

CUET

Subject

-- Mathematics - Section B1

Chapter

Applications of Derivatives

Question:

The effective rate that is equivalent to a nominal rate of 8% compounded continuously is :

(Given that $e^{0.08}=1.0833$)

Options:

8.99%

8.00%

8.33%

8.66%

Correct Answer:

8.33%

CUET Questions