Question

Difference between

c.i. compounded semi-annually and

c.i. compounded annually for same time period on a same rate of interest.

Answer 1

One very important exponential equation is the compound-interest formula: ... If interest is compounded yearly, then n = 1; if semi-annually, then n = 2; quarterly, then n = 4; monthly, then n = 12; weekly, then n = 52; daily, then n = 365; and so forth, regardless of the number of years involved.