. The effective annual rate of interest corresponding to a nominal rate of

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. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

Options:

A . 6.06%

B . 6.07%

C . 6.08%

D . 6.09%

Answer: Option D

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Question 1. . If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on ....same at the same rate and for the same time?

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Question 6. . What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Diffe....400. III. Simple interest earned per annum is Rs. 2000.

Question 7. . What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the s....becomed more than double on compound interest in 10 years.

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