find the time period and rate for a sum taken for 1 1/2 years at 8% per annum is compounded half yearly
Time period, n = 1.5 yrs = (1.5 * 2) Half years = 3 half years
Rate , R = 8% per annum = 4 % per half year
Rate , R = 8% per annum = 4 % per half year