Shilpa Baid (Article and CA Final) (157 Points)
30 November 2013Guys help me please..
In sfm a sum i got stuck while calculation Effective annualised yield (EAY)
Problem is
(1.006) power 365/91
its solution is 1.0243..
But i am not able to calculate it in my calculator..
Please help me
Thanks in advance :)
Hojefa
(Ca final)
(178 Points)
Replied 30 November 2013
dear,
I unds ur question, its easy.
1st put figure 1.006 then press Multiply sign one time, then press 3 times = sign it will come
ur solution 1.0243. its logic is u sad 91/365= apprx 4months ,it means quarterly int.hope it will help u.
Amit Kumar Jha
(Article)
(104 Points)
Replied 26 January 2014
Vinay somani (CA, CS)
(Assistant Manager-Accounts)
(549 Points)
Replied 20 May 2016
what is the answer of (1.09) power 4/12...???
Prabhakaran
(Accounting)
(102 Points)
Replied 20 May 2016
Take Calculator
Type “1.09”
Press Root button “12 times”
Subtract by “1”
Divide by Denominator (your case Denominator is 3)
Add by “1”
Then press “= button”
After that press “ X = 12 times” ( Multiply and Equal button 12 times)
You will get Answer
CS/CMA/PROF./ADV. J.B. Sirvi
(M.COM. CMA CS CA FINAL GDC&A. LLB)
(152 Points)
Replied 21 May 2016
Prabhakaran correct any type calculation 'a' to the power of 'x'
Hojefa correct when exact month given
From my side Extra CA Final student
Power 5/2 (use calculator)
a×====√
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