Dear Students,
We bring to you a quiz on PROFIT AND LOSS for the upcoming exams mainly SBI Clerk and the NABARD.
1. A private company Aditya Groups lends money at simple interest. But the company includes the interest every 6 months for calculating principal. If it is charging an interest of 10%, the effective rate of interest after 1 yr becomes?
(a) 10.25%
(b) 11.50%
(c) 12.25%
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