the effective annual rate of interest corresponding to a nominal rate of 14 % per annum payable half - yearly is?  Choose the correct choice from the following answers:  A) 16.06 %  B) 16.07 %  C) 16.08 %  D) 14.49 %  E) 16.19 %
<gadget id="calculator">14 / 2</gadget>
<output>7</output>

<gadget id="calculator">7 + 7</gadget>
<output>14</output>

<gadget id="calculator">7 * 7</gadget>
<output>49</output>

<gadget id="calculator">49 / 100</gadget>
<output>49/100 = around 0.49</output>

<gadget id="calculator">14 + (49/100)</gadget>
<output>1_449/100 = around 14.49</output>

<result>D</result>
the effective annual rate of interest corresponding to a nominal rate of 14 % per annum payable half - yearly is?
add(add(divide(14, const_2), divide(14, const_2)), divide(multiply(divide(14, const_2), divide(14, const_2)), const_100))
"amount of rs . 100 for 1 year when compounded half - yearly = [ 100 * ( 1 + 7 / 100 ) 2 ] = rs . 14.49 effective rate = ( 114.49 - 100 ) = 14.49 % answer : d"