The effective rate that is equivalent to a nominal rate of 8 % compounded continuously is : Option 1: (e^8-1)x100\% Option 2: e^0.08x100\% Option 3: (e^0.08-1)x100\% Option 4: ((1+0.08/12)^12-1)x100\%

The answer is '(e^0.08-1)x100\%'. View full solution:

CUET Mathematics - The effective rate that is equivalent to a nominal rate of 8 % compounded continuously is : | PYQs + Solutions

CUET Mathematics 2026 29th May Shift 2

Applied Mathematics

Easy

applied

$(e^8-1)\times100\%$

$e^{0.08}\times100\%$

$(e^{0.08}-1)\times100\%$

$\left(\left(1+\frac{0.08}{12}\right)^{12}-1\right)\times100\%$

✅ Correct Option: 3