Question

find the time period and rate for each. A sum taken for 11/2 8% per annum compounded half yearly.
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Answer 1

Answer:

We have interest rate 8 % per annum for (11/2) Years=>Its compounded half Yearly. In compounded half

yearly, the rate percent is divided by 2 and the number

of years is multiplied by 2. Example if Time is 2.5 years

and Rate is 4% so time became 5 years and Rate is 2% in

Compounded Half Yearly.So,Time period (t) = 2 (11/2) = 11 Years nnd Rate (r) = (1/2) of 8% = 4%