Nominal rate of compound interest is 6%per annum paid half yearly. Fin – McqOptions

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1.	Nominal rate of compound interest is 6%per annum paid half yearly. Find effective rate of interest :
A.	Rs. 6.09%
B.	Rs. 6.08%
C.	Rs. 6.07%
D.	Rs. 6.06%
Answer» B. Rs. 6.08%

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