A.  10%

B.  10.25%

C.  10.5%

D.  None of these

1
Correct Answer :
10.25%
Explanation :

Let the sum be Rs. 100. Then,

 

S.I. for first 6 months = Rs. 100 x 10 x 1 = Rs. 5
100 x 2

 

 

S.I. for last 6 months = Rs. 105 x 10 x 1 = Rs. 5.25
100 x 2

 

So, amount at the end of 1 year = Rs. (100 + 5 + 5.25) = Rs. 110.25

i.e Effective rate = (110.25 - 100) = 10.25%

 


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