The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is________?

Related Mcqs:

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

   A. Rs 6.06%
   B. Rs 6.07%
   C. Rs 6.08%
   D. Rs 6.09%

2. How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

   A. Rs.482
   B. Rs.424
   C. Rs.842
   D. Rs.512

3. A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

   A. Rs.4000
   B. Rs.1000
   C. Rs.1250
   D. Rs.2000

4. If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?

   A. Rs 1575.20
   B. Rs 1600
   C. Rs 1625.80
   D. Rs 2000

5. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?

   A. Rs. 1550
   B. Rs. 1650
   C. Rs. 1750
   D. Rs. 2000

6. The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is________?

   A. Rs. 2.50
   B. Rs. 3
   C. Rs. 3.75
   D. Rs. 4

7. The C.I. on a certain sum for 2 years at 10% per annum is Rs. 525. The S.I. on the same sum for double the time at half the rate percent per annum is________?

   A. Rs. 400
   B. Rs. 500
   C. Rs. 600
   D. Rs. 800

8. What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

   A. Rs. 2.04
   B. Rs. 3.06
   C. Rs. 4.80
   D. Rs. 8.30

9. The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is________?

   A. Rs. 1550
   B. Rs. 1650
   C. Rs. 1750
   D. Rs. 2000

10. A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

    A. Rs.3100
    B. Rs.2700
    C. Rs.2200
    D. Rs.1800