Question

What is the formula of amount when interest of compound interest is compounded half yearly?
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Answer 1

Answer:

If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.

Answer 2

Answer:{p * (1 + R/2*100 } ^2n

Step-by-step explanation: