find the time period and rate on a sum taken for 1½ years at 8% per annum is compounded half yearly
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It is Compound half yearly
Time period (n)=2{1(1/2)}=3 half years.
Rate(R)=1/2(8%)=4% per half year
Time period (n)=2{1(1/2)}=3 half years.
Rate(R)=1/2(8%)=4% per half year
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