Question

Find the time period and rate for a sum taken for 2 years at 4% per annum compounded
half yearly.​

Answer 1

Step-by-step explanation:

Let sum=P

Time,t=2 years

Rate of interest=r=4%

When compound interest is half yearly

Then, time period,n=2t2t half years

Where t= Time (in years)

Time period,n=2\times 22×2

Time period,n=4[/tex]half years

Rate of interest, r'=\frac{r}{2}

2

r

Where r=Rate of interest annually

Substitute the values then we get

Rate of interest=r'=\frac{4}{2}=2=

2

4

=2

Rate of interest=2% Half yearly

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Answer 2

Answer:

Time period = 4 half years.

Rate = 2% per half year