Home
Class 14
MATHS
[" An automobile financier claims to be ...

[" An automobile financier claims to be lending money at simple interest,but he includes "],[" the intorest every six months for calculating the principal.If he is charging an interest "],[" of "10%," the effective rate of interest becomes: "],[[" (a) "10%," (b) "10.25%," (c) "10.5%," (d) None of these "]]

Promotional Banner

Similar Questions

Explore conceptually related problems

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

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 private finance company A claims to be lending money at simple interest. But the company includes the interest every 6 months for calculating principal. If company A is charging an interest of 10%, the effective rate of interest after 1 yr becomes

An amount at the rate of 5% pa becomes rupees 10 more at compound interest than that of simple interest after 2 yr. Calculate the principal.

Interest of Rs x for y months at the rate of 20% simple interest is

A sum of money invested at simple interest becomes 13/10 of itself in 2 years and 6 months. What is the rate (in percentage) of interest per annum?