Multiple Choice Questions on Find the effective annual rate of 10 percent per annum compounded half yearly ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

Find the effective annual rate of 10 percent per annum compounded half yearly ........

Quant (SSC) Compound Interest
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    Find the effective annual rate of 10 percent per annum compounded half- yearly-

    10.5

    Incorrect Answer

    10.25

    Correct Answer

    11.25

    Incorrect Answer

    11.50

    Incorrect Answer
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    Explanation:

    Take principal as 100 and then calculate,
    A = 100*(1+5/100)^ 2
    A = 110.25
    So effective rate is 10.25

    By: Amit Kumar
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