The effective rate equivalent to a nominal rate of 8% per annum compounded semi annually is : Option 1: 6.16% Option 2: 8.16% Option 3: 7.16% Option 4: 8.26%

The answer is '8.16%'. View full solution:

CUET Mathematics - The effective rate equivalent to a nominal rate of 8% per annum compounded semi annually is : | PYQs + Solutions

CUET Mathematics 2023 22 May Shift 3

Applied Mathematics

Easy

6.16%

8.16%

7.16%

8.26%

✅ Correct Option: 2

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