Find the effective annual rate of interest corresponding to a nominal rate of 8% per annum payable half-yearly is:
CA Foundation · Quantitative Aptitude · RTP · January 2025
Find the effective annual rate of interest corresponding to a nominal rate of 8% per annum payable half-yearly is:
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. 8.16%
Topics: Part-A: Business Mathematics
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