If 10 percent per annum rate of compound interest compounded

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74

M: +2.00/-0.50

If 10 percent per annum rate of compound interest compounded yearly is equivalent to the X percent per annum rate of compound interest compounded half yearly, then what is the value (Approximate) of X ?

[SSC CHSL 14th March 2023 Shift-2 With Answers]

A

6.25 percent

B

5.32 percent

C

4.88 percent

D

4.55 percent

EXPLANATION

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