Find time period and rate for a sum taken for 2years at 4% per annul compounded halfyearly
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Answer:
2 per half year
Step-by-step explanation:
we have interest rate 4% per annum for 2 years.
: Time period (n) =2(2)
= 4 half years
Rate (R)=1/2 (4%)
=2% half year
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