A sum taken for 1 1/2 years at 8% per annum is compounded half yearly the number of conversion times the intrest is compounded and rate
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Answer:
Rate = 4 percent half yearly
Step-by-step explanation:
• Interest us compounded half yearly.
• Time period = 2* 1 and 1/2 = 3 half years
Rate = 1/2 * 8 percent = 4 percent half yearly
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