download Mastguru Android App

Question Detail

Effective annual rate of interest corresponding to nominal rate of 6% per annum compounded half yearly will be

  • 6.09%
  • 6.10%
  • 6.12%
  • 6.14%
Similar Questions :

1. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is

  • Rs 1650
  • Rs 1750
  • Rs 1850
  • Rs 1950

2. On a sum of money, simple interest for 2 years is Rs 660 and compound interest is Rs 696.30, the rate of interest being the same in both cases.

  • 8%
  • 9%
  • 10%
  • 11%

3. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

  • Rs 155.25
  • Rs 156.25
  • Rs 157.25
  • Rs 158.25

4. What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years

  • Rs 62.10
  • Rs 63.10
  • Rs 64.10
  • Rs 65.10

5. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

  • Rs 312
  • Rs 412
  • Rs 512
  • Rs 612
Read more from - Compound Interest Questions Answers
Post a comment