The effective annual rate of interest corresponding to a nominal rate of 10% per annum payable half-yearly is?
Select:
A) 10.06 %
B) 10.25 %
C) 10.35 %
D) 16.09 %
E) 16.19 %

Rationale: "amount of rs . 100 for 1 year when compounded half - yearly = [ 100 * ( 1 + 5 / 100 ) 2 ] = rs . 110.25 effective rate = ( 110.25 - 100 ) = 10.25 % answer : b"
Answer: B