A financier claims to be lending money at simple interest, But he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes.
590,000
625,000
6% off
1,499
2,499
40% off
590,000
625,000
6% off
3,999
5,499
27% off
999
1,499
33% off
590,000
0.0
5.0
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