6. Find the effective rate of interest
if the nominal rate of interest is
10% pa. and interest is calculated
half y

1 thought on “6. Find the effective rate of interest<br />if the nominal rate of interest is<br />10% pa. and interest is calculated<br />half y”

1. Step-by-step explanation:

   ҒϴᎡ ͲᎻᏆՏ ͲᎪᏦᎬ 100 ᎪՏ ᏢᎡᏆΝᏟᏆᏢᎪᏞ

   Ꭱ = 10 % ᎪΝᎠ ᎻᎪᏞҒ ᎽᎬᎪᎡᏞᎽ ᎡᎪͲᎬ ᏔᏆᏞᏞ ᏴᎬ 5 %

   5+5+0.25 = 10.25 %

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