Question

when the interest in compounded half yearly the given time will be______and the rate will be _______​

Answer 1

Answer:

▶Here your answer

⏩the half yearly rate will be half of the annual rate....

⏩the rate of annual interest (r) is halved (i.e., made r2)....

Answer 2

Step-by-step explanation:

Compound Interest Formula:

Amount = Principal * [1 + Rate of Interest/100]Time period

Abbreviated as Amount = P * [1 + R/100]t, when compounded annually.

Sometimes, the interest is also calculated half-yearly or quarterly.

When compounded semi-annually or half-yearly,

Amount = P[1 + (R/2)/100]2t

When compounded quarterly,

Amount = P[1 + (R/4)/100]4t

Present worth of Principal P due t years hence is given by:

P/[1+ R/100]t

Sample problems and solutions

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