A) 6.06%
B) 6.07%
C) 6.08%
D) 6.09%
Correct Answer: D
Solution :
Let the sum be Rs. 100 For initial six months. Interest \[=100\times \frac{6}{100}\times \frac{6}{12}=3\] Now, sum \[=100+3\] = Rs. 103 For another six months, Interest\[=103\times \frac{6}{100}\times \frac{6}{12}=3.09\] \[\therefore \] Rate of interest \[=3+3.09=6.09%\]You need to login to perform this action.
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