Question

How to solve n in compound intrest for half yearly?

Answer 1

Formula of compound interest
$p(1 + \frac{r}{100} ) {}^{n}$
But to calculate compound interest half early,

First we will change the time period in years and then we will multiply it by 2 to get the number of half years

For e.g
Time = 6 months
in years= 6/12
= 1/2

now multiply it by 2
1/2×2
=1

So one half year


And like this multiply the rate of interest by 1/2.


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