Question

the number of conversion periods if the interest on a principal is compounded every two months is
(a)2 (b)4 (c)6 (d)12​

Answer 1

Step-by-step explanation:

The number of conversion period if the interest on the pricipal is compouned every two month is 6

Answer 2

Number of period will be equal to 6

So option (C) will be correct answer

Step-by-step explanation:

We have given interest on the principal amount is compounded every two months

Total number of month in an year = 12 months

We have to find the number of period

Number of period is equal to the division of total number of month and the duration in which amount is compounded

So number of period $=\frac{12}{2}=6period$

Learn more

The amount of money in the account every year, when 10000 is deposited compund interest

https://brainly.in/question/9313328