Find the effective interest rate of a bank loan if the loan amount is Rs 50,000; the compensating balance is Rs 1,000 and the rate of interest is 15% p.a. The face value of a commercial paper is Rs...

Find the effective interest rate of a bank loan if the loan amount is Rs 50,000; the compensating balance is Rs 1,000 and the rate of interest is 15% p.a.

The face value of a commercial paper is Rs 5,00,000. The issue cost is 1%. The discount rate is 10% and the maturity is 180 days. Find the effective interest rate.