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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. 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.

  • 4%
  • 5%
  • 6%
  • 7%

2. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years

  • 3%
  • 4%
  • 5%
  • 6%

3. 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

4. If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values

  • Rs.51.75
  • Rs 51.50
  • Rs 51.25
  • Rs 51

5. 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%
Read more from - Compound Interest Questions Answers
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