35. The effective annual rate of
interest corresponding to a
nominal rate of 13% per annum
payable half-yearly is
(1) 26 per cent
(2) 26.85 per cent
(3) 13 per cent
(4) 13.42 per cent
(SSC CHSL - 2017)
36
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The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is
Solved Examples(Set 3) - Compound Interest
12. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
A. 6.07% B. 6.06%
C. 6.09% D. 6.08%
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