WHAT DO U MEAN BY : RATE COMPOUNDED ANNUALLY OR HALF YEARLY ( SEMI ANNUALLY)
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rate compounded anually means the rate of interest is calculated per year for a given principle. half yearly refers to the rate calculated for just 6 months in 12months..
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In Compound es Annually formula used is:
A = P (1+R/100)
A = P (1+R/100)
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