Question

When the simple interest is added to the principal
so that the amount becomes the principal for the
next period. It is called
(a) Annuity
(b) Compound interest
(c) Immediate annuity
(d) Future value​

Answer 1

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.

Answer 2

I don't know sorry (good morning have a good day)