Question

The effective rate of interest corresponding to a nominal rate 3% pa paya
Corresponding to a nominal rate 3% p.a payable half yearly is
(a) 3.2% p.a (b) 3.25% p.a (e) 3.0225% p. (d) none of these
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Answer 1

Answer:

The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is. 3.2% p.a.

Answer 2

Answer:

3.0225% is answer of question .