Question

What time period is taken when interest is calculated half yearly​

Answer 1

Answer:

There are 2 conversion period in a year in terms of interest for half yearly, So, two is multiplied by the time period when we have to calculate interest in half yearly. Therefore, time period is taken when interest is calculated half yearly is twice as much as the number of given years. Then half yearly is months.

Answer 2

time period is doubled and rate is half.

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