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Darshan Nagar
Answers (1)
ERI(always take n= 1) Half yearly R = 3/2=1.5 , n=1*2=2 r =R/100 = 1.5/100= 0.015 ERI = [(1+r)^n-1]*100 = [(1+0.015)^2-1]*100 = [0.030225]*100 = 3.0225
