Mathematics for FinancePYQ May 20Question 1305 of 422
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The effective rate of interest corresponding to a nominal rate $3\%$ p.a payable half yearly is

Options

A$3.2\%$ p.a
B$3.25\%$ p.a
C$3.0225\%$ p.a
Dnone of these
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Correct Answer

Option c$3.0225\%$ p.a

All Options:

  • A$3.2\%$ p.a
  • B$3.25\%$ p.a
  • C$3.0225\%$ p.a
  • Dnone of these

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