Find the number of conversion periods and the rate for each conversion

1.	Find the number of conversion periods and the rate for each conversion period for eachof the following:1(a) A sum taken for 12 years at 10% per annum compounded half yearly.(b) A sum taken for 2 years at 12% per annum compounded half yearly.dhu Pin for years at 8% comnounded annually.
Answer» Step-by-step explanation: TIME PERIOD =2× 2 3 =3 years Rate of INTEREST = 2 8 =4%.

Find the number of conversion periods and the rate for each conversion period for eachof the following:1(a) A sum taken for 12 years at 10% per annum compounded half yearly.(b) A sum taken for 2 years at 12% per annum compounded half yearly.dhu Pin for years at 8% comnounded annually.

Answer»

Step-by-step explanation:

TIME PERIOD =2×

=3 years

Rate of INTEREST =

=4%.