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CSS Solved Papers
Physics Chemistry

Engineering :: Economics


  If the interest rate is 5 per cent per period and the interest is compounded at half-year periods the actual annual return on the principal would be
[A]. exactly 5 per cent[B]. exactly 10 per cent
[C]. somewhat larger than 10 per cent[D]. greater than 5 per cent but less than 10 per cent

Answer: Option C


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