It is the equated monthly installment EMI against the loan taken. Simple Interest Rate Principle Rate of Interest Time Period years 100. If interest is compounded half yearly rate of interest R 2 and A P 1 R 2 100 T where T is the time period.
R rate of return 10 compounded annually.
I Prt becomes r IPt Remember to use 1412 for time and move the 12 to the numerator in the formula above. The Formula to Calculate the Compound Interest when Interest Rate is Compounded Half Yearly is given by Let Principal P Rate of Interest r2 time 2n Amount A Compound Interest CI then A P 1r2100 2n In the Case of the Half-Yearly Compounding Rate Interest is divided by 2 and the number of years is multiplied by 2. I for the first half-year P for the second half-year Rs. R rate of return 10 compounded annually.