Question

If interest is compounded halfyearly rate of interest must be​

Answer 1

Answer:

If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4

Answer 2

Answer:

ANNUAL RATE OF INTEREST / 2