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Posted By: Merin Kuriachan       Member Level: Diamond       Posted Date: 23 Jun 2007       Category: Aptitude Test

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is :



Select Answer:

6.06%
6.07%
6.08%
6.09%




      
Your Test Score: 0 / 0



Next Question: The compound interest on a sum of money for 2 years is Rs. 832 and the simple interest on the same sum for the same period is Rs. 800. The difference between the compound interest and the simple interest for 3 years will be :
Previous Question: A sum of money invested at compound interest amounts to Rs. 4624 in 2 years and to Rs. 4913 in 3 years. The sum of money is :
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