What does semi-annually means?

GRE Quant Problem Solving
1

Saw this in interest problems video of gregmat. Here is one of the question he shared.

Screenshot 2022-05-26 at 07-45-51 GRE Quant Concept Series - Practice Mixture and Interest Problems from Greg Mat on Vimeo
Screenshot 2022-05-26 at 07-45-51 GRE Quant Concept Series - Practice Mixture and Interest Problems from Greg Mat on Vimeo797Ă—248 176 KB

I know that,
quarter = 1/4
half = 1/2
semi = ?

thanks.

2

Semiannually also means half. So in this question the compound interest’s annual interest rate is 8, which means that it will compound semiannually at an interest of 4%.

2 Likes