Question:
The effective rate equivalent to a nominal rate of 8% per annum compounded semi-annually is:
The effective rate equivalent to a nominal rate of 8% per annum compounded semi-annually is:
Updated On: Apr 26, 2024
- 8.20%
- 8.24%
- 8%
- 8.16%
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The Correct Option is D
Solution and Explanation
The correct option is(D):8.16%
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