the effective annual rate of interest corresponding to a nominal rate of 10 % per annum payable half - yearly is ?
"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"
add(add(divide(10, const_2), divide(10, const_2)), divide(multiply(divide(10, const_2), divide(10, const_2)), const_100))