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Reported Question / Answer
Q.) 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
1)
0.1025
2)
0.1
3)
None of these
4)
0.105
5)
NULL
Answer :
1
Thank you for reporting wrong Question / Answer / Options
We look forward to your suggestions and feedback.
Message / Correct Answer / Suggestion
Human Verification : Answer 2 + 3 = ?
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