Question

If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent.

a.

10

b.

20

c.

>20

d.

< 20

Answer: (c).>20

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Q. If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent.

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