Lemma
MediumMoney & interest
AQuA-RAT train #79186 · Arithmetic · Money & interest

An automobile financier claims to be lending money at simple interest, but…

An automobile 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 after one year becomes:

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AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #79186

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