Answer : 2 8.16 % Explanation : Answer: B) 8.16 % Explanation: Let the sum be Rs. 100. Then,S.I. for first 6 months = (100 x 8 x 1) / (100 x 2) = Rs. 4S.I. for last 6 months = (104 x 8 x 1) / (100 x 2) = Rs. 4.16So, amount at the end of 1 year = (100 4 4.16) = Rs. 108.16Effective rate = (108.16 - 100) = 8.16%.

**Click here to see the full blog post**

**last edited by**