Question

2. If the interest is compounded half yearly then the rate of interest per annum is

Answer 1

If compounding period is not annual,

rate of interest is divided in accordance with the compounding period.

For example, if interest is compounded half yearly, then rate of interest would be R / 2, where 'R' is the annual rate of interest.

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Answer 2

Answer:

same answer.

Step-by-step explanation:

same answer