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  • Find the time period and rate for each. A sum taken for 2 years at 4 percent per annum compounded half yearly.

Find the time period and rate for each.

2.    A sum taken for 2 years at 4% per annum compounded half yearly.

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Since the sum taken is compounded half yearly:

\\Since\ the\ sum\ taken\ is\ compounded\ half\ yearly:\\ Time\ period=2\times 2\\ Time\ period=4\\ Rate=\frac{4}{2}=2\%

Time period = 4 half years.

Rate = 2% per half year

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