Question

A sum taken for 3/2 years at 8% per annum if compounded half yearly find the time period and rate for. each​

Answer 1

Given:

A sum taken for 3/2 years at 8% per annum if compounded half yearly.

To find:

Find the time period and rate for each​.

Solution:

From given, we have,

Interest rate 8 % per annum for  3/2 year, as it's compounded half yearly.

∴ Time period = n = 2 ( 3/2) = 3 half years

∴ Rate = R = 1/2 (8 %) = 4 % per half year.

Answer 2

Answer:

A sum was taken for 2 1/2years at 8% per annum compounded half yearly. Find the time period.

Step-by-step explanation:

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