explain interest compounded half yearly, yearly and quarterly
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Answered by
1
hi friend. if u r doing compound interest,
for half yearly, time will be 1/2years
for yearly, time will be 1year
for quarterly time will be 1/4years
all is left is to put it into the formula.
gd luck!
for half yearly, time will be 1/2years
for yearly, time will be 1year
for quarterly time will be 1/4years
all is left is to put it into the formula.
gd luck!
Answered by
4
interest compounded half yearly=p[(1-R/200)^2T] and interest compounded quaterly =P[(1-R/400)^4T]
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