Effective annual rate of interest
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%
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A man rows to a place 48 km distant and come back in 14 hours. He finds out that he can row 4 km with stream in the same time as 3 km against the stream. The rate of the stream is:
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A man purchases Rs. 20 shares paying 9% dividend. The man desires to have an interest of 12% on his money. The market value of each share is:
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Consider the following subspaces of U={(x1,x2,x3,x4)^(T): x1=x2=x3} and W={(x1,x2,x3,x4)^(T): x2=x3=0} of R4. Find the basis of U intersection W.
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