Business Studies, asked by munnu7317, 1 year ago

Extra sums on half yealy compound interest

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Answered by Anonymous
1
Rate Compounded Annually or Half yearly. The time period after which the interest is added each time to form a new principal is called the conversion period. When the interest is compounded half yearly, there are 2 conversion period in a year each after 6 months. ... Rate of interest = half of 10% = 5% half yearly.
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