Question

The periodic interest rate corresponding to: 9.75% compounded semiannually
A) 4.875
B) 3.785
C) 4.865
D) 4.975

Answer 1

❀ $\large{ \underline\textbf{Question - }}$

The periodic interest rate corresponding to: 9.75% compounded semiannually
A) 4.875
B) 3.785
C) 4.865
D) 4.975

❀ $\large{ \underline\textbf{Answer - }}$

A) 4.875

❀ $\large{ \underline\textbf{Explanation - }}$

i=j/m

=>9.75/2
=>4.875

Answer 2

Q:

The periodic interest rate corresponding to: 9.75% compounded semiannually

A) 4.875
B) 3.785
C) 4.865
D) 4.975

Answer:   A) 4.875 

Read Description:

=> I = J/M

=> 9.75/ 2

=> I = 4.875