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

six months

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every year

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every month

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quarterly

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Solution

The correct option is A
six months

When interest is compounded half yearly then the principal changes every six months.

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

The correct option is A six months When interest is compounded half yearly then the principal changes every six months.

The correct option is A
six months

When interest is compounded half yearly then the principal changes every six months.