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Lesson 2: Compound Interest: Worked Examples
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Compound Interest in Special Cases: Different Rates, Years and Months, Half Yearly and Terminal
Lesson 2 · Compound Interest: Worked Examples
Compound Interest in Special Cases: Different Rates, Years and Months, Half Yearly and Terminal
Mathematics
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8 min
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Question 1 of 14
1
In half yearly compound interest, what happens to the yearly rate R% and the time T years?
Rate \( \frac{R}{2} \), time T
Rate \( \frac{R}{2} \), time \( 2T \)
Rate \( 2R \), time \( \frac{T}{2} \)
Rate R, time \( 2T \)