Menu
Query in fm
What is Effective Rate of Interest?
This question if from Mock Test Paper May 2013. Does anyone have the solutions to the May mock papers? Since the Institute has uploaded the Nov 2013 mock papers the earlier ones have been deleted. TIA
Replies (2)
Dear Renuka,
Effective rate of interest simply means the effective yield on the amount. You have to take the declared rate as the base rate and then adjust it for the compounding effect.
Eg. If the rate of interest is 10% and the same is compounded half yearly, the effective rate is 10.250
If you have any queries, please ask
Ok got it Sir. Thank you.
Recent Topics :
- Investment fund's income from ncd distribution to
- Cialis 20 mg – General Information About Tad
- Comparative BS PL with Audit report
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
Related Topics :
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CCI
Pro
CAclubindia
