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The number of conversion periods, if the interest on a principal is compounded every two months is ……………(a) 2(b) 4(c) 6(d) 12 |
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Answer» (c) 6 Conversion period is the time period after which the interest is added to the principal. If principal is compounded every two months then in a year, there will be 6 12/2 conversation periods. |
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