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Quantitative Aptitude

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Simple Interest & Compound Interest

Question
28 out of 30
 

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



A 6.06%
B 6.07%
C 6.08%
D 6.09%
E None of these

Ans. D Amount of Rs. 100 for 1 year when compounded half yearly

Rate = , CI =

Simple Interest & Compound Interest Flashcard List

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