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

Finding Something Else?

Read the Complete Topic

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.

View Full Post →

Try These Similar MCQs

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:

In compound interest, if the interest is compounded quarterly, the number of compounding periods in a year is:

The simple interest on ₹5,000 at 8% per annum for 3 years is:

If ₹6,000 becomes ₹7,200 in 2 years at simple interest, what is the rate of interest?

What does 'P' represent in the simple interest formula?

Explore Related Study Material

$Math Quiz : General aptitude test on Mathematics for competitive Exams$ Test

Math Quiz : General aptitude test on Mathematics for competitive…

May 23, 202021.6k views View →

Note

Mathematics: Profit And Loss, Solved Questions

May 13, 20201.3k views View →

Test

RRB Group D 2025 Question Paper – 27 November Shift…

Feb 27, 202675 views View →

Note

Understanding Compound Proportion: Detailed Notes and Solved MCQs

Aug 17, 2024565 views View →