The effective annual rate of interest corresponding to a nominal rate of 8% per annum payable half-yearly is? Select.
A) 6.06 %  B) 8.16 %  C) 6.08 %  D) 6.09 %  E) 6.19 %

Rationale: amount of rs . 100 for 1 year when compounded half - yearly = [ 100 * ( 1 + 4 / 100 ) 2 ] = rs . 108.16 effective rate = ( 108.16 - 100 ) = 8.16 % answer : b
Answer: B