when interest is compounded half yearly, the number of conversion periods in a year is.
Answers
Step-by-step explanation:
Classification of Polymers based on the Source of Availability
There are three types of classification under this category, namely, Natural, Synthetic, and Semi-synthetic Polymers.
Natural Polymers:
They occur naturally and are found in plants and animals. For example proteins, starch, cellulose, and rubber. To add up, we also have biodegradable polymers which are called biopolymers.
Semi-synthetic Polymers:
They are derived from naturally occurring polymers and undergo further chemical modification. For example, cellulose nitrate, cellulose acetate.
Synthetic Polymers:
These are man-made polymers. Plastic is the most common and widely used synthetic polymer. It is used in industries and various dairy products. For example, nylon-6, 6, polyether’s etc.
Answer:
The time period after which the interest is added each time to form a new principal is called the conversion period. When the interest is compounded half yearly, there are two conversion periods in a year each after 6 months. In such situations, the half yearly rate will be half of the annual rate.