Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - General Questions (Q.No. 10)
10.
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
Answer: Option
Explanation:
| Amount of Rs. 100 for 1 year when compounded half-yearly |
 |
= Rs. |  |
100 x |  |
1 + | 3 |  |
2 |  |
= Rs. 106.09 |
| 100 |
Effective rate = (106.09 - 100)% = 6.09%
Discussion:
43 comments Page 4 of 5.
Zaini said:
6 years ago
How to solve if there is a whole year?
Please explain.
Please explain.
Datta said:
6 years ago
@Durga.
106.09-106 = ?
10690/100 -106 = 6.09.
106.09-106 = ?
10690/100 -106 = 6.09.
Siva said:
1 decade ago
@Pavitra.
It is "106.09-100 = 6.09"
It is "106.09-100 = 6.09"
Pavitra said:
1 decade ago
How could it be possible?
106.09-106 = 6.09?
106.09-106 = 6.09?
Boo said:
9 years ago
Why n=2?
For half yearly n should be 1/2.
For half yearly n should be 1/2.
Durga said:
9 years ago
How could it possible?
106.09 - 106 = 6.09.
106.09 - 106 = 6.09.
Summer said:
6 years ago
Please explain, , how come 3 in (3/100) ?
(3)
Chigga said:
11 months ago
Anyone, please explain to me to get it.
(1)
Luke said:
4 years ago
Where R=3 from? Please explain.
(2)
Praveen said:
1 decade ago
What is effective rate?
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