When the interest is compounded half yearly, the number of conversion periods in a year is four. *
True
False
Answers
Answered by
3
Answer:
false
Step-by-step explanation:
As we know that
A=P(1+
2
r
)
2n
P =principal amount
R = rate
t = time
A=amount
Hence the interest is compounded half yearly it means the interest is calculated twice a year hence only time is halved
Answered by
1
Answer:
When the interest is compounded half yearly, the number of conversion periods in a year is four.
ans = True
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