Find the effective rate of interest if an amount of 30,000 deposited in a bank for 1 year at the rate of 10% per annum compounded semi-annually.
CA Foundation · Quantitative Aptitude · MTP · January 2026
Find the effective rate of interest if an amount of 30,000 deposited in a bank for 1 year at the rate of 10% per annum compounded semi-annually.
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. 10.25%
Topics: Part-A: Business Mathematics
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