Question

7. The compound interest on 4000 at 10% per annum for 1
to be calculated. If interest is reckoned half yearly, what is the number
of periods of transition?
years is
2​

Answer 1

Since the amount is to be paid half yearly

Therefore in 1 yr a person will have to pay twice

Henceforth he will have to pay 4 times if the time is 2 yrs