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प्रश्न
The number of conversion periods in a year, if the interest on a principal is compounded every two months is ___________
पर्याय
2
4
6
12
उत्तर
6
Explanation;
Hint:
Conversion period is the time period after which the interest is added to the principal.
If principal is compounded every two months then in a year, there will be `6(12/5)` conversion periods.
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संबंधित प्रश्न
Find the amount and the compound interest.
| No. | Principal (₹) | Rate (p.c.p.a.) | Duration (Years) |
| 1 | 2000 | 5 | 2 |
| 2 | 5000 | 8 | 3 |
| 3 | 4000 | 7.5 | 2 |
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(i) the rate of interest per annum.
(ii) the total amount of money that Geeta must pay at the end of 18 months in order to clear the account.
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(i) the interest for the first year.
(ii) the amount at the end of second year.
(iii) the interest for the third year.
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