From the Following Extract of an Amortisation Schedule Pertaining to a Compound

Multiple Choice

From the following extract of an amortisation schedule pertaining to a compound financial instrument,what is the effective-interest rate embodied in the instrument?

A) 6 per cent.
B) 5 per cent.
C) Variable, as shown in the table it has increased from 5.5837 per cent in period 1 to 6.2738 per cent in period 3.
D) 4 per cent.
E) Cannot determine from the above information.