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Multiple Choice Question

If the interest is compounded half-yearly, how many times per year is the interest compounded?

  • A
    1
  • B
    2
  • C
    3
  • D
    4
Explanation:
Half-yearly compounding means the interest is compounded twice a year

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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