Mathematics
Medium
Question
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%
✓ Official correct answer
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A
6.06%
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B
6.07%
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C
6.08%
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D
6.09%
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