Mathematics · Interest
A person lends money at a nominal annual interest rate of 12%. Due to a calculation methodology, he compounds the interest semi-annually (adding interest after every six months to the principal). What will be the effective annual rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 112.06 %
- 212.16 %
- 312.72 %
- 412.36 %✓
Correct answer
12.36 %
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Interest MCQs →Want more practice questions on Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Interest