Q9Multiple choice
For calculation of interest compounded half yearly, keeping the principal same, which one of the following is true.
- (a)Double the given annual rate and half the given number of years.
- (b)Double the given annual rate as well as the given number of years.
- (c)Half the given annual rate as well as the given number of years.
- (d)Half the given annual rate and double the given number of years.
Show answer
(d) Half the given annual rate and double the given number of years.