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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. What will be the compound interest on Rs. 25000 after 3 years at the rate of 12 % per annum

  • Rs 10123.20
  • Rs 10123.30
  • Rs 10123.40
  • Rs 10123.50

2. We need to divide Total Sum Rs. 3364 between Ram and Sham so that Ram's share at the end of 5 years may equal to Sham's share at the end of seven years with compound interest rate at 5 percent.

  • 1864 and 1500
  • 1764 and 1600
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3. A sum of money invested at compound interest to Rs. 800 in 3 years and to Rs 840 in 4 years. The rate on interest per annum is.

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  • 5%
  • 6%
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4. A man saves Rs 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years.

  • Rs 662
  • Rs 662.01
  • Rs 662.02
  • Rs 662.03

5. 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

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  • Rs 1850
  • Rs 1950
Read more from - Compound Interest Questions Answers
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