CA Foundation doubt
The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is.....
Asked by Purva11 Jun 2024278 views
3 answers
ABINAYASRI · 11 Jun 2024
Use this formula E=(1+i)^n-1
ABINAYASRI · 11 Jun 2024
3.0225%
Tanishq · 11 Jun 2024
Do (1+1.5%)whole power 2 Then do -1 and ×100 your ans will come
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