Mathematics for FinancePYQ Nov 18Question 1280 of 479
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The effective rate of interest on an amount 25,000\displaystyle 25,000 is deposited in a bank for one year at value of 6%\displaystyle 6\% per annum compounded semi-annually is

Options

A5.99%\displaystyle 5.99\%
B5.95%\displaystyle 5.95\%
C6.09%\displaystyle 6.09\%
D6.90%\displaystyle 6.90\%
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Correct Answer

Option c6.09%\displaystyle 6.09\%

All Options:

  • A5.99%\displaystyle 5.99\%
  • B5.95%\displaystyle 5.95\%
  • C6.09%\displaystyle 6.09\%
  • D6.90%\displaystyle 6.90\%

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