On a certain principal, simple interest amounts to Rs.1,000 in 1 year – McqOptions

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1.	On a certain principal, 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 compounded on half yearly basis?_x005F_x000D_
A.	10.1
B.	10.15
C.	10.2
D.	10.25
Answer» E.

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