Answer:
116
Step-by-step explanation:
8.2 / 2 = 4.1
a =
0.5 x 8.2 x 5.6736 = 23.2618
23.2618 x 5 = 116.309 = 116
It is the first option i think
Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest = -1
put here all value
rate of interest = -1
rate of interest = -1
rate of interest = 0.061646
so effective annual rate is 6.16 %
The first answer in the choices