Mathematics for FinancePYQ Nov 18Question 1280 of 422
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The effective rate of interest on an amount $25,000$ is deposited in a bank for one year at value of $6\%$ per annum compounded semi-annually is

Options

A$5.99\%$
B$5.95\%$
C$6.09\%$
D$6.90\%$
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Correct Answer

Option c$6.09\%$

All Options:

  • A$5.99\%$
  • B$5.95\%$
  • C$6.09\%$
  • D$6.90\%$

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