Question

If the interest is compounded half -yearly , then to find the amount , we -------------- the given time.

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Answer 1

Answer:

double the time

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Answer 2

Step-by-step explanation:

We multiply the given time by 2.

Example- Find the Compound Interest on ₹10000 for 1½ years at 10% interest.

Soln: Here time will be= 2×3/2

Time= 3 yrs.

But, interest will be halved = 10%

=10/2= 5%