In compound interest, when the interest is compounded half-yearly, the principal changes every.

4 months

No worries! We‘ve got your back. Try BYJU‘S free classes today!

6 months

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

8 months

No worries! We‘ve got your back. Try BYJU‘S free classes today!

12 months

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B 6 months
When the interest is compounded half yearly, there are two conversion periods in a year, each after 6 months. In such a case, the half yearly rate will be half of the annual rate.

Suggest Corrections

Similar questions

In compound interest, when the interest is compounded half-yearly, the principal changes every __________.

Which of the following statements is true? (Rate of interest = R% per annum)

Question 85(i)

If principal = Rs. 100000, rate if interest = 10 $%$ compounded half - yearly.
Find Interest for 6 months.

Join BYJU'S Learning Program