Mathematics for FinancePYQ Dec 22Question 1238 of 422
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The effective annual rate of interest corresponding to a normal rate of $6\%$ per annum payable half yearly is:

Options

A$6.06\%$
B$6.07\%$
C$6.08\%$
D$6.09\%$
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Correct Answer

Option a$6.06\%$

All Options:

  • A$6.06\%$
  • B$6.07\%$
  • C$6.08\%$
  • D$6.09\%$

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