formula for compounded half yearly
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Answered by
11
✨ A = P [ 1 + (r ÷ 2)/100 ]^2n,
➡️ Where, P = Principle.
➡️ r = rate of interest.
➡️ n = number of years.
That's it..
Answered by
15
Abbreviated as Amount = P * [1 + R/100]t, when compounded annually. Sometimes, the interest is also calculated half-yearly or quarterly.
The above answer is 100% correct..❕
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