CUET · MATHS · PYQ PAPER 2025
The effective rate per annum equivalent to a nominal rate of \(8 \%\) compounded semi-annually is
- A 8.24 %
- B 8.33 %
- C 8.16 %
- D 8.06 %
Answer & Solution
Correct Answer
(C) 8.16 %
Step-by-step Solution
Detailed explanation
\(E = (1 + \frac{r}{n})^n - 1\) \(E = (1 + \frac{0.08}{2})^2 - 1\) \(E = 0.0816\) \(E = 8.16\%\)
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