Find the effective annual rate of 10 percent per annum compounded half- yearly- select one:
a. 11.25
b. 11.50
c. 10.25
d. 10.5
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interest is 10% on a loan of Rs. 100. Then the interest in amount is Rs. 10 and at the end of the year, the amount to be paid is Rs. 110.
11.50
____ × 1/2. 5.25
100.
Answer. = 5.25 annum compounded half- yearly
11.50
____ × 1/2. 5.25
100.
Answer. = 5.25 annum compounded half- yearly
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