If the rate of interest is 8% per annum ...

If the rate of interest is 8% per annum and Rs.10000 lent at the compound interest half-yearly, then calculate the equivalent simple rate of interest for the first year?
A)0.0816
B)0.09
C)0.07
D)0.1

A

0.0816

B

0.09

C

0.07

D

0.1

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If the rate of interest is 8% per annum and Rs.10000 lent at the compound interest half-yearly, then calculate the equivalent simple rate of interest for the first year?
A)0.0816
B)0.09
C)0.07
D)0.1