Question:
The effective rate which is equivalent to stated rate of \(6\%\) compounded semiannually is:
The effective rate which is equivalent to stated rate of \(6\%\) compounded semiannually is:
Updated On: May 21, 2024
- \(6.09\%\)
- \(1.03\%\)
- \(4.09\%\)
- \(5.09\%\)
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A):\(6.09\%\)
Was this answer helpful?
0
0
Top Questions on Compound Interest
- \₹ 10000 is invested for \( 1\frac{1}{2} \) years at 10% p.a. What is the difference between the compound interest when the sum is compounded half yearly and when it is compounded annually?
- NCHMCT JEE - 2024
- Quantitative Aptitude
- Compound Interest
- For an investment, if the nominal rate of interest is\(10\%\)compounded half-yearly, then the effective rate of interest is:
- CUET (UG) - 2024
- Mathematics
- Compound Interest
- A multinational company creates a sinking fund by setting a sum of Rs. 12,000 annually for 10 years to pay off a bond issue of Rs. 72,000. If the fund accumulates at\(5\% \)per annum compound interest, then the surplus after paying for bond is
- CUET (UG) - 2024
- Mathematics
- Compound Interest
- A property dealer wishes to buy different houses given in the table below with some down payments and balance in EMI for 25 years. Bank charges 6% per annum compounded monthly.
- CUET (UG) - 2024
- Mathematics
- Compound Interest
- A firm anticipates an expenditure of ₹10,000 for a new equipment at the end of 5 years from now. How much should the firm deposit at the end of each quarter into a sinking fund earning interest 10% per year compounded quarterly to provide for the purchase?
[Use (1.025)20=1.7]- CUET (UG) - 2024
- Mathematics
- Compound Interest
View More Questions
Questions Asked in CUET exam
- Two resistances of 100 \(\Omega\) and 200 \(\Omega\) are connected in series across a 20 V battery as shown in the figure below. The reading in a 200 \(\Omega\) voltmeter connected across the 200 \(\Omega\) esistance is _______.
Fill in the blank with the correct answer from the options given below- CUET (UG) - 2024
- Current electricity
- Select the word opposite in meaning to the underlined word:
At first the workers were agreeable to the proposals of their Manager, but later they were reconciled to the new proposals.- CUET (UG) - 2024
- Antonyms
- A die is rolled thrice. What is the probability of getting a number greater than $4$ in the first and second throws and a number less than $4$ in the third throw?
- CUET (UG) - 2024
- Probability
- Two parallel plate capacitors of capacitances 2 \(\mu F\) and 3 \(\mu F\) are joined in series and the combination is connected to a battery of V volts. The values of potential across the two capacitors \(V_1\) and \(V_2\) and energy stored in the two capacitors \(U_1\)and \(U_2\) respectively are related as_____
Fill in the blank with the correct answer from the options given below- CUET (UG) - 2024
- Electrostatics
- Find out which of the answer figures completes the figure matrix :
- CUET (UG) - 2024
- Image Based
View More Questions