formula of compund interest of half yearly.give an example
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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.
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Answer:
6 months [Compounded half yearly] P[1 + (r/2)2t] – P
Step-by-step explanation:
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