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An automobile financier claims to be len...

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

A

0.1

B

0.1025

C

0.105

D

N.O.T

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UNITED BOOK HOUSE-Simple Interest -Exercise
  1. A sum of money amounts of ₨ 9800 after 5 years and ₨ 12005 after 8 yea...

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  2. Mr. Thomas invested an amount of ₨ 13,900 divided in two different sch...

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  3. Reena took a loan of ₨. 1200 with simple interest as many years as the...

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  4. An automobile financier claims to be lending money at simple interest,...

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  5. The simple interest on a certain sum at 5% per annum for 3 years and 4...

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  6. The simple interest on ₨ 7300 from 11 may, 1987 to 10 sep, 1987 (both ...

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  7. With a given rate of simple interest, the ratio of principal and amoun...

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  8. If the ratio of the principal and amount (principal + interest) is 20 ...

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  9. In how many years will a sum of money double itselt at 12% per annum?

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  10. If x, y, z are three sum of money such that y is the simple interest o...

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  11. The simple interest on a sum of money is 1/9 of the principal and the ...

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  12. A sum was lent at simple interest at a certain rate for 2 years. Had i...

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  13. A man loses ₨ 55.50 yearly when the annual rate of interest falls from...

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  14. A sum of money at simple interest triple itself in 15 years. It will b...

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  15. What is the present worth of ₨ 132 due in 2 years at 5% simple interes...

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  16. ₨ 800 becomes ₨ 956 in 3 years at a certain rate of simple interest. I...

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  17. If a sum of money doubles itself in 8 years at simple interest, the ra...

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  18. If A lends ₨ 3500 to B at 10% p.a. and B lends the same sum of C at 11...

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  19. Find the simple interest on ₨ 7000 at 50/3% for 9 months

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  20. Find the simple interest on the ₨ 2000 at 25/4% per annum for the peri...

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