Handley Bank advertises that its standard lending rate is 11% per annum compounding monthly. Which of the following rates is closest to an effective rate per annum that is consistent with the Handley Bank quoted rate (to two decimal places)? 11.57% per annum compounding annually 0.917% per annum compounding monthly 10.47% per annum compounding annually 12.68% per annum compounding annually More than one of the other options are correct