6. Find the effective rate of interest

if the nominal rate of interest is

10% pa. and interest is calculated

half yearly is

# 6. Find the effective rate of interest

### 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”

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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 %