Question

5) If the interest is compounded half-yearly, then to find the amount, the time period is

Answer 1

Answer:

[1 + ({R/2} / 100)] T

Step-by-step explanation:

If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.

Answer 2

Answer:

If the interest is compounded half-yearly,

then time period is twice