On a certain principal ,simple interest ...

On a certain principal ,simple interest amounts to Rs. 1,000 in 1 year at the rate of `10%` p.a .What will be the effective rate of interest if the same is compounded on half yealy basis ?
A. 10.10
B. 10.15
C.10.20
D. 10.25

A

D

B

A

C

D

B

Verified by Experts

The correct Answer is:

A

Similar Questions

Explore conceptually related problems

What is simple interest on Rs1800 for 10 yr at the rate of 10% per annum?

What principal will amount to Rs 900 in 6 years at 10% simple interest?

What principal will amount to Rs900 in 6 years at 10% simple interest?

Find the simple interest on Rs 500 for 3 years at 10% p.a.

A sum of Rs. 10,000 is deposited for 1 year at the rate of interest 10% compounded half yearly. What will be the interest at the end of one year ?

Find the compound interest on Rs 64000 for 1 year at the rate of 10% per annum compounded quarterly.