time period and rate of a sum taken at 4% per annum for 3 /4 years compounded quarterly
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Since the sum taken is compounded half yearly:
\\Since\ the\ sum\ taken\ is\ compounded\ half\ yearly:\\ Time\ period=2\times 2\\ Time\ period=4\\ Rate=\frac{4}{2}=2\%
Time period = 4 half years.
Rate = 2% per half year
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