Question

If the conversion period is not specified
then it is taken as​

Answer 1

Answer:

Conversion Period: The fixed interval of time at the end of which the interest is calculated and added to the principal at the beginning of the interval is called the conversion period.

NOTE: If no conversion period is specified, the conversion period is taken to be one year.

Answer 2

Answer:

The time period after which the interest is added each time to form a new principal is called the conversion period. ... If the conversion period is not specified, then it is taken as one year and the interest is compounded annually.