The expression for computing the effective interest rate $\left(i_{\text {eff }}\right)$ using continuous compounding for a nominal interest rate of $5 \%$ is
\[
i_{\text {eff }}=\lim _{m \rightarrow \infty}\left(1+\frac{0.05}{m}\right)^{m}-1
\]
The effective interest rate (in percentage) is $\_\_\_\_\_\_$ (rounded off to $2$ decimal places).
