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 rate is-

An automobile financier claims to be lending money at simple intere

1.	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 rate is-
A.	7.25
B.	8.25
C.	9.25
D.	10.25
Answer» E.

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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 rate is-

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