$A$ sum invested at $5 \%$ simple interest per annum grows to ₹ $504$ in $4$ years. The same amount at $10 \%$ simple interest per annum in $2 \frac{1}{2}$ years will grow to (in ₹):

  • A
    $420$
  • B
    $450$
  • C
    $525$
  • D
    $550$

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The effective annual rate of interest (in $\%$) corresponding to a nominal rate of $13 \%$ per annum payable half-yearly is:

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