alleryStart learning →For 2 years at 10% a year compounded half-yearly, periods and rate per period?
A2 at 10%
B4 at 5%
C2 at 5%
D4 at 10%
Answer & Solution
Correct answer: B. 4 at 5%
Half-yearly compounding doubles the periods to 4 and halves the rate to 5%.
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