Math, asked by pawarvedangi4914, 2 months ago

The effective annual rate of interest corresponding
to a nominal rate of 9% per annum
annum payable half
yearly is

Answers

Answered by tpalak105

8

Answer:

Ans is 6.09%

Step-by-step explanation:

amount amount of rupees hundred for one year when corresponded half yearly=

Rs [100×(1+3/100)^2= Rs .106.09

Effective rate =( 106.09-100)%=6.09%

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