On a certain Principal, simple interest amounts to Rs, 1000 in 1 year at a rate of 10% p.a. What will be the Effective rate of compound interest if the same is compounded on a half-yearly basis? A. 10.10B. 10.15C.10.20D. 10.25

On a certain Principal, simple interest amounts to Rs, 1000 in 1 year

1.	On a certain Principal, simple interest amounts to Rs, 1000 in 1 year at a rate of 10% p.a. What will be the Effective rate of compound interest if the same is compounded on a half-yearly basis? A. 10.10B. 10.15C.10.20D. 10.25
A.	D
B.	A
C.	C
D.	B
Answer» B. A

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On a certain Principal, simple interest amounts to Rs, 1000 in 1 year at a rate of 10% p.a. What will be the Effective rate of compound interest if the same is compounded on a half-yearly basis? A. 10.10B. 10.15C.10.20D. 10.25

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