What nominal interest rate per year is equivalent to 11.5% per year, compounded monthly?
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The effective interest rate is always calculated as if compounded annually The effective ra...View the full answer
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Mohit Upadhyaya
Last year I graduated with Petrochemical engineering with 7.2 Cgpa and got All India rank 886 in GATE exam this year which was conducted by IIT Delhi.
Besides this i was 2nd ranker in academics in my school in 10th and 12th standard.
I am currently teaching the undergraduates of Chemical engineering and I love to teach and connect to students because during my education i didn't got any decent guide so I know the value of proper guidance.
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