A financier claims to be lending money at simple interest, But he incl – McqOptions

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1.	A 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.
A.	0.1
B.	0.105
C.	0.1075
D.	0.1025
E.
Answer» E.

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