A principal of -40-000 is compounded annually at the rate of 10a -5-400- Yes- b -8-400- Yes-c -7-200- No- d -10-400- No-

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Standard VIII

Mathematics

Interest

A principal o...

Question

A principal of ₹40,000 is compounded annually at the rate of 10% for 2 years. Calculate the compound interest. Is it greater than the simple interest earned at the same rate and for the same time period?
a) ₹5,400; Yes b) ₹8,400; Yes
c) ₹7,200; No d) ₹10,400; No

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A principal of ₹40,000 is compounded annually at the rate of 10% for 2 years. Calculate the compound interest. Is it greater than the simple interest earned at the same rate and for the same time period?​ a) ₹5,400; Yes​ b) ₹8,400; Yes​ c) ₹7,200; No​ d) ₹10,400; No​

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A principal of ₹40,000 is compounded annually at the rate of 10% for 2 years. Calculate the compound interest. Is it greater than the simple interest earned at the same rate and for the same time period?
a) ₹5,400; Yes b) ₹8,400; Yes
c) ₹7,200; No d) ₹10,400; No