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Posted By: nemo       Member Level: Diamond       Posted Date: 27 May 2007       Category: Aptitude Test

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for claculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes :

Select Answer:

10%
10.25%
10.50%
None of these




      
Your Test Score: 0 / 0



Next Question: If Rs. 64 amounts to Rs. 83.20 in 2 years, what will Rs. 86 amount to in 4 years at the same rate percent per annum ?
Previous Question: A person invested in all Rs. 2600 at 4%, 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all the three cases. The money invested at 4% is :
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