Question
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Answer (Detailed Solution Below)
Option 2 : 10.25% / 10.25%
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Detailed Solution
सही उत्तर 10.25% / 10.25% है।
Key Points
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prepsnap.in • Part -AQuestion:
What is the effective annual rate of interest equivalent to 10% per annum compounded half-yearly? / अर्धवार्षिक चक्रवृद्धि पर 10% वार्षिक दर के समतुल्य प्रभावी वार्षिक दर कितनी है?
1.
10% / 10%
2.
10.25% / 10.25%
3.
10.5% / 10.5%
4.
11% / 11%
Correct Answer: 10.25% / 10.25%
Half-yearly rate = $5\%$; effective annual = $(1.05)^2 - 1 = 0.1025 = 10.25\%$. / अर्धवार्षिक दर $5\%$; प्रभावी वार्षिक दर $10.25\%$।
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