Teaching NVS Junior Secretariat Assistant (JSA) Mock Test 2024 Quantitative Aptitude Interest Compound Interest
If the 10 percent per annum rate of compound interest compounded yearly is equivalent to the rate of interest x percent per half-yearly when the compound interest is compounded half yearly, then what is the approximate value of x?
1
6.25 percent
2
5.32 percent
3
4.88 percent
4
4.55 percent