Given Interest Rate

Question

3.75% Compounded Quarterly

Equivalent Interest Rate
_?_% Compounded Semi-annually

formula is: i2=(1+i)^(m2/m1) -1

the answer should be 3.77%.

i have alot of similar questions like this...but i need to know how to get that same answer. i tried using the same formula as,
i2=(1+.0375)^(4/2)
= 1.07640625 - 1
=0.07640625

its coming wrong...plz help!!!

Answer 1

oops...its (m1/m2)