Mathematics for FinancePYQ Jun 24Question 1262 of 422
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Find the effective rate of interest if an amount of $40,000$ deposited in a bank for $1$ year at the rate of $10\%$ compounded semi-annually

Options

A$10.20\%$
B$10.05\%$
C$10.25\%$
D$10.10\%$
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Correct Answer

Option b$10.05\%$

All Options:

  • A$10.20\%$
  • B$10.05\%$
  • C$10.25\%$
  • D$10.10\%$

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