If Mr. XYZ is investing ₹ 86,000 in a bank fixed deposit scheme where interest will be payable at 12% per annum, compounded half-yearly, what will…
CA Foundation · Quantitative Aptitude · PYQS · September 2025
If Mr. XYZ is investing ₹ 86,000 in a bank fixed deposit scheme where interest will be payable at 12% per annum, compounded half-yearly, what will be the effective rate of interest in a year?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 12.36%
Topics: Part-A: Business Mathematics
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