6. Find the effective rate of interestif the nominal rate of interest is10% pa. and interest is calculatedhalf yearly is About the author Peyton

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 % Reply

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 %