the effective annual rate of interest corresponding to a nominal rate of 6 % per annum payable half yearly is
"solution amount of rs . 100 for 1 year when compounded half yearly = rs . [ 100 x ( 1 + 3 / 100 ) 2 ] = rs . 106.09 % . effective rate = ( 106.09 - 100 ) % = rs . 6.09 % . answer d"
add(add(divide(6, const_2), divide(6, const_2)), divide(multiply(divide(6, const_2), divide(6, const_2)), const_100))