Find the effective rate of interest on ₹ 10,000 on which interest is payable half yearly at 5% p.a.

CA Foundation · Quantitative Aptitude · RTP · September 2026
Find the effective rate of interest on ₹ 10,000 on which interest is payable half yearly at 5% p.a.
(A) (a) 5.06%
(B) (b) 4%
(C) (c) 0.4%
(D) (d) 3%

Suggested Answer and Working Notes:

Correct Answer: Option (A)

Correct Option: (a)

Topics: Part-A: Business Mathematics

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