An automobile financer claims to be leding money at S.I but he includes the interest every 6 months for calculating the principal.If he charging at the rate of 10%,effective rate of interest becomes

  • 10.25%
  • 10.5%
  • 10.75%
  • 11%
An automobile financer claims to be leding money at S.I but he includes the interest every 6 months
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