What is the effective annual rate of interest for a nominal rate of 10% per annum compounded half-yearly?

A. 10.5%

B. 10.25%

C. 10.15%

D. 10%

Doubtly AI Asked 27 Oct 2026 AI-generated · not yet verified ssc cgl Save WhatsApp Report

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Answer: B. 10.25%

Answer: (B) 10.25%

5% for two half-years: 5 + 5 + \(\frac{5 \times 5}{100}\) = 10.25%.

Doubtly AI · 27 Oct 2026 AI-generated · not yet verified Report

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