Perjury is considered a serious offense as it can be used to usurp the power of the courts, resulting in miscarriages of justice. In the United States, for example, the general perjury statute under Federal law classifies perjury as a felony and provides for a prison sentence of up to five years.
Effective interest rate for t periods, i t = (1 + i) t - 1 or as one equation i t = (1 + (r / m)) mt - 1. The rate per compounding period P = R / m, in percent.
1 For example, consider a loan with a stated interest rate of 5 percent that is compounded monthly. 2  Using the formula yields: r = (1 + .05/12)^12 - 1, or r = 5.12 percent.3  The same loan compounded daily would yield: r = (1 + .05/365)^365 - 1, or r = 5.13 percent.. Calculate the effective interest rate in case of continuously compounding interest. For example, consider a loan with a nominal interest rate of 9 percent compounded continuously. The formula above yields: r = 2.718^.09 - 1, or 9.417 percent.