What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years ?0 A. 1 : 3 B. 1 : 4 C. 2 : 3 D. Data inadequate Read More Details about this Mcq:
An automobile financier 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 of 10%, the effective rate of interest becomes :_________?0 A. 10% B. 10.25% C. 10.50% D. None of these Read More Details about this Mcq: