Mathematics for FinanceMTP Dec 22Question 1371 of 479
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Find the effective rate of interest on 10,000\displaystyle 10,000 on which CI is payable half yearly at 5%\displaystyle 5\% p.a.

Options

A5.06%\displaystyle 5.06\%
B4%\displaystyle 4\%
C0.04%\displaystyle 0.04\%
D3%\displaystyle 3\%
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Correct Answer

Option a5.06%\displaystyle 5.06\%

All Options:

  • A5.06%\displaystyle 5.06\%
  • B4%\displaystyle 4\%
  • C0.04%\displaystyle 0.04\%
  • D3%\displaystyle 3\%

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