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%