Question

What will become Rs 4630.50 in 1 and haif years ,if the rate of interest is 10% per annum compounded half yearly?

Answer 1

✨Dear student, here is your answer

=)compounded three times

5% each time

4630.50 * (1.05)^3

in the second one is it compounded once or twice a year?

if once

4 = (1+x)^2

2 = 1+x

x = 1.00

so 100%