Multiple Choice Questions on On a certain principle simple interest amounts to Rs 1 000 in 1 year at the rate of 10 p a Wha........... for RRB(NTPC) Exam Preparation

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Multiple Choice Questions

On a certain principle simple interest amounts to Rs 1 000 in 1 year at the rate of 10 p a Wha...........

Quantitative Aptitude (RRB NTPC) Simple Interest
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     On a certain principle, simple interest amounts to Rs. 1,000 in 1 year at the rate of 10% p.a. What will be the effective rate of interest if the same is compound on a half-yearly basis

    10.10 

    Incorrect Answer

    10.15

    Incorrect Answer

    10.20 

    Incorrect Answer

    10.25

    Correct Answer
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    Explanation:

     For half yearly rate=r/2=10/2=5
    Effective rate = ?? + ?? +r^2/100
    = 5+5+25%/100
    =10.25%

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