Which of the following is the effective annual rate of interest corresponding to a compound interest rate of 9% per annum compounded half – yearly?
Which of the following is the effective annual rate of interest corresponding to a compound interest rate of 9% per annum compounded half – yearly?
निम्ननलिखित में से कौन सी प्रभावी वार्षिक ब्याज दर 9% प्रति वर्ष की अर्धवार्षिक चक्रवृद्धि ब्याज दर के अनुरुप है?
Detailed Solution & Logic
Correct Answer:
9.20%
Effective Annual Rate $= \left(1 + \dfrac{0.09}{2}\right)^2 - 1$
$= (1.045)^2 - 1$
$= 1.092025 - 1 = 0.092025$
Effective Annual Rate $= 9.20%$
Similar Practice Questions
A woman travelled at a speed of 20 m/min
A woman travelled at a speed of 20 m/min for 90 min, and at a...
Sudhir purchased certain goods at the rate of ₹7,380 per dozen. He sold each one of them at the rate of ₹575. What was his percentage loss? (Round up to two decimal places)
Sudhir purchased certain goods at the rate of ₹7,380 per dozen. He sold each one...
Solve: $(\sqrt{7225 -\sqrt{1225}) \times (\frac{1}{5})$
Solve/ हल करना : $ (\sqrt{7225} – \sqrt{1225}) \times (\frac{1}{5})$
The area of a trapezium is 330 cm\(^2\). If the lengths of its parallel sides are 24 cm and 20 cm, find the distance between the parallel sides.
The area of a trapezium is 330 cm\(^2\). If the lengths of its parallel sides...
In a city, there are 4,500 females for every 5,000 males. What is the sex ratio in this city ( number of females per 1000 males)?
In a city, there are 4,500 females for every 5,000 males. What is the sex...
Simplify
Simplify / सरल करें : $\sqrt{8}\times \sqrt{32}$
Simplify the following: 30% of [{(820% of 40) – 28}]% of 600.
Simplify the following: 30% of [{(820% of 40) – 28}]% of 600. निम्नलिखित को सरल कीजिए:...