true false.
simple Interest is calculated on the same principal for the entire loan period.
anujagota12:
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2
Answer:
true
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Answered by
1
Answer:
As we know that
A=P(1+
2
r
)
2n
P =principal amount
R = rate
t = time
A=amount
Hence the interest is compounded half yearly it means the interest is calculated twice a year hence only time is halved
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