Question

Meena has invested Rs. 700,000 in an investment scheme. In return, she would receive Rs.

74,587 semi-annually in arrears, for the six years. She would not receive any amount afterwards.

Find the nominal and effective rate of return of the scheme.

i) 8% and 8.16% j) 8% and 9.16%

k) 8% and 10.16% l) None​

Answer 1

Answer:

Rs. 74,587 semi-annually in arrears, for six years. She would not receive any amount afterwardsplease mark brainlist answer