CUET Preparation Today
What is the effective annual rate of interest corresponding to a rate of 10% per annum compounded half-yearly? |
10.75% 10.5% 10% 10.25% |
10.25% |
Interest is compounded half - yearly Effective rate = 5% + 5% + \(\frac{5 × 5}{100}\)% = 10.25% |
