what should be the rate of interest per annum if interest is calculated half yearly
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Answered by
13
If interest is compounded half yearly,
rate of interest = R / 2
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.Feb 7, 2019
Answered by
2
Answer:
R/2 is ur answer
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