Question

if the rate if interest is 16 percent per annum​ payable half yearly ,what is the rate of interest that one would get for the entire year?*

Answer 1

Answer:

Rate of interest for the entire year = 8%

Step-by-step explanation:

In the question,

We have been provided that the rate of interest is 16% per annum.

But the rate is payable half yearly.

So,

The rate of interest gets half as the time period gets double.

So, in this case the rate of interest one would get for the entire year is given by,

$R'=\frac{R}{2}\\So,\\R'=\frac{16}{2}=8\%$

Therefore, the new rate of interest, R' = 8%

Answer 2

Answer:

Answer:

Rate of interest for the entire year = 8%

Step-by-step explanation:

In the question,

We have been provided that the rate of interest is 16% per annum.

But the rate is payable half yearly.

So,

The rate of interest gets half as the time period gets double.

So, in this case the rate of interest one would get for the entire year is given by,

Therefore, the new rate of interest, R' = 8%

Step-by-step explanation: