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 %