Question

If the interest is compounded half yearly the time period becomes_____________ ​

Answer 1

Answer:

Time period will get will get doubled

Step-by-step explanation:

detailed explanation -

If the rate of interest is annual and the interest is compounded half-yearly (i.e., 6 months or, 2 times in a year) then the number of years (n) is doubled (i.e., made 2n) and the rate of annual interest (r) is halved (i.e., made r2).

Answer 2

Answer:

Time period becomes twice and rate is taken half.