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A credit card company charges 19.25% p.a. compounded semi-annually interest rate on any unpaid balance. Calculate the effective interest rate being charged? (5) [Final answer
A credit card company charges 19.25% p.a. compounded semi-annually interest rate on any unpaid balance. Calculate the effective interest rate being charged? (5) [Final answer initially 4-decimal places and then converted to % with 2-decimal places: ##.#### >>>##.##%]
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