A rate of interest of 10% semi-annual compounded quarterly would be equal to -- % per annum compounded annually.

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A rate of interest of 10% semi-annual compounded quarterly would be equal to ——————- % per annum compounded annually.
A . 20% per Annum Compounded Annually
B . 21.55% per Annum Compounded Annually
C . 20.50% per Annum Compounded Annually
D . 21% per Annum Compounded Annually

Answer: B

A rate of interest of 10% semi-annual compounded quarterly would be equal to —————­—- % per annum compounded annually.

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A rate of interest of 10% semi-annual compounded quarterly would be equal to ——————- % per annum compounded annually.