Q. The effective annual rate of interest corresponding to a nominal rate of 19% per annum payable halfyearly is:
A) 19.9 percent
B) 38 percent
C) 19 percent
D) 39.81 percent
✔ Correct Answer: 19.9 percent
Exam Insight
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A) 19.9 percent
B) 38 percent
C) 19 percent
D) 39.81 percent
✔ Correct Answer: 19.9 percent
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