Question

What is the formula of the amount when the interest is compound half yearly

Answer 1

Step-by-step explanation:

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.

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Answer 2

Answer:

first find compound interest

C.I=P×(1+R÷100)t

when done using formula apply formula of P+CI=Amount

Step-by-step explanation:

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