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Time value of money

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The effective rate of interest corresponding to a nominal rate 3% p.a. payable half yearly is_____ What is the answer of this and how?

Rakesh Shah

CA Final

★ 5K+

08-Oct-21 23:00

826

Answers (9)

3.0225% i think so use the formulaERR= (1+i/2)^2

Dhakshana Dhakshana

CFA L2

★ 18K+

08-Oct-21 23:03

Dhakshana Dhakshana

3.0225% i think so use the formulaERR= (1+i/2)^2

Can you write formula perfectly?

Thread Starter

Rakesh Shah

CA Final

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08-Oct-21 23:23

See this

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Dhakshana Dhakshana

CFA L2

★ 18K+

08-Oct-21 23:26

Dhakshana Dhakshana

See this

I didn't get answer by use this formula

Thread Starter

Rakesh Shah

CA Final

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08-Oct-21 23:29

Thread Starter

Rakesh Shah

I didn't get answer by use this formula

That is the formula supposed to be used or else see the study material

Dhakshana Dhakshana

CFA L2

★ 18K+

08-Oct-21 23:56

Thread Starter

Rakesh Shah

I didn't get answer by use this formula

You may share your working here

Sahibdeep Singh

CA Inter

★ 14K+

09-Oct-21 10:53

I try it Please tally it

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Sejal Shivani

CA Foundation

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10-Oct-21 01:14

Sejal Shivani

I try it Please tally it

I got it thanks for your answer

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Rakesh Shah

CA Final

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10-Oct-21 21:15

Thread Starter

Rakesh Shah

I got it thanks for your answer

Sejal Shivani

CA Foundation

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10-Oct-21 21:25