effective rate of interest khae formula calculator sae ?
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Let us understand effective rate of interest with the help of an example—>
Formula for effective rate of interest=(1+i)^n-1, so if u just put the values and get the ans…
Eg: i= 10% p.a , n= 3 yrs= so if we type in the calculator (1+0.1) = 1.1 *= 2 times then -1 , so u get the ans…