Write compound interest formula compounded half yearly.
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If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.
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If interest is compounded half yearly, rate of interest
= R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T,
where 'T' is the time period.
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