Simple/Compound InterestForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Simple/Compound InterestThis topic has 3 replies, 2 voices, and was last updated 9 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts March 14, 2015 at 8:59 am #232342 tengkuMemberTopics: 4Replies: 4☆Given simple interest 11.2%, is compound every 6 months. What is the effective annual rate of interest ? March 14, 2015 at 9:40 am #232346 John MoffatKeymasterTopics: 57Replies: 54483☆☆☆☆☆Have you not watched the free lecture on Interest?The interest every 6 months is 11.2/2 = 5.6%The annual rate is (1 + 0.056)^2 – 1 March 14, 2015 at 2:28 pm #232373 tengkuMemberTopics: 4Replies: 4☆the answer is 11.51% ? March 14, 2015 at 5:34 pm #232392 John MoffatKeymasterTopics: 57Replies: 54483☆☆☆☆☆Yes 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In