Question

time period and rate of a sum taken at 4% per annum for 3 /4 years compounded quarterly​

Answer 1

Answer:

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