Find the number of conversion periods and the rate for each conversion period for each
of the following:
1
(a) A sum taken for 12 years at 10% per annum compounded half yearly.
(b) A sum taken for 2 years at 12% per annum compounded half yearly.
dhu Pin for years at 8% comnounded annually.
Answers
Answered by
2
Step-by-step explanation:
time period =2×
2
3
=3 years
Rate of interest =
2
8
=4%.
Answered by
1
We can divide the year by half yearly that is ½ get the number of conversion..
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