## Search

.## Management Sciences

A. 6.06%

B. 6.07%

C. 6.08%

**D. 6.09%**

Explanation:

Amount of Rs. 100 for 1 year when compounded half-yearly = [100 * (1 + 3/100)2] = Rs. 106.09 Effective rate = (106.09 – 100) = 6.09%

### Related Mcqs:

- If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid is_______?

- A. Rs.8082 B. Rs.7800 C. Rs.8100 D. Rs.8112...

- Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

- A. Rs. 1851 B. Rs. 1941 C. Rs. 1951 D. Rs. 1961...

- The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is_________?

- A. 2 B. 2 1/2 C. 3 D. 4...

- What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?

- A. Rs. 1000 B. Rs. 1200 C. Rs. 1320 D. None of these...

- A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

- A. Rs.150 B. Rs.140 C. Rs.130 D. Data insufficient for the answer...

## Recent Comments