The effective annual rate of interest corresponding to a nominal rate of 12% per annum payable half-yearly is?	Select
A) 16.06 % B) 16.07 % C) 12.36 % D) 6.09 % E) 6.19 %

Rationale: "amount of rs . 100 for 1 year when compounded half - yearly = [ 100 * ( 1 + 6 / 100 ) 2 ] = rs . 112.36 effective rate = ( 112.36 - 100 ) = 12.36 % answer : c"
Answer: C