Question

How the compound interest formula has come from where and how.​

Answer 1

Answer:

Compound Interest when the Rate is Compounded half Yearly

Hence, for the cases, when the rate is compounded half yearly, we divide the rate by 2 and multiply the time by 2 before using the general formula for amount in case of compound interest.

Step-by-step explanation:

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Answer 2

when the Rate is Compounded half Yearly

Hence, for the cases, when the rate is compounded half yearly, we divide the rate by 2 and multiply the time by 2 before using the general formula for amount in case of compound interest.