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 %
Answer:D
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 %