rate of interest per year

Calculate the new rate since the interest is compounded half-yearly, then use the formula for compound interest to calculate the interest.

rate of interest per year

Calculate the new rate since the interest is compounded half-yearly, then use the formula for compound interest to calculate the interest.

Calculate the new rate since the interest is compounded half-yearly, then use the formula for compound interest to calculate the interest.

Use the formula for Compound interest.