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348

Q:

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is: 

  • 1
    6.06%
  • 2
    6.07%
  • 3
    6.08%
  • 4
    6.09%
  • Show Answer
  • Workspace

Answer : 4. "6.09%"

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