Question

If interest is compounded semi-annually for 18 months, what is the number of conversion periods?​

Answer 1

Answer:

Period = 3

Step-by-step explanation:

semi annually means 6 months

so, 18 months has 3 periods of 6 months

bhai brainliest karde.

Answer 2

Step-by-step explanation:

Find the compound interest on $1,000 at the rate of 10% p.a. for 18 months when interest is compounded half-yearly. Solution : Here, P = $1,000, R = 10% and n = 18 months = 18/12 = 3/2 years.