Question

A sum taken for 2 years at 4% per annum compounded half yearly.​

Answer 1

since the sum taken is compounded half yearly

since the sum taken is compounded half yearly time period = 2 into 2

time period = 4

rate is = 4 / 2 = 2%

time period is equals to 4 half years rate is equals to 2 per cent per half year

hope it helps you ✔✔

Answer 2

Step-by-step explanation:

Let the sum be x. So Sum = x, n or time = 2 years, rate or r = 4%

A = x(1+4/2×100)n×2

A = x(1+1/50)⁴

A = x(51/50)⁴

A = x(1.08243216)

So A = 1.08243216x