Question (11/66)
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is ?(A) 6.06%
(B) 6.07%
(C) 6.08%
(D) 6.09%
Question (12/66)
The difference between the simple interest on a certain sum at the rate of 10% per annum for 2 years and compound interest which is compounded every 6 months at same rate and period is INR 124.05. What is the principal ?(A) INR 6000
(B) INR 8000
(C) INR 10000
(D) INR 12000