After one year, the compound interest earned is _____ the simple interest earned on the same sum, at the same rate and for the same time.

greater than

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smaller than

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equal to

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None of the above

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Solution

The correct option is A greater than
If the period for the calculation of interest is 1 year, then the compound interest and the simple interest are same, otherwise the compound interest is greater than the simple interest.

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After one year, the compound interest earned is _____ the simple interest earned on the same sum, at the same rate and for the same time.

The correct option is A greater thanIf the period for the calculation of interest is 1 year, then the compound interest and the simple interest are same, otherwise the compound interest is greater than the simple interest.

The correct option is A greater than
If the period for the calculation of interest is 1 year, then the compound interest and the simple interest are same, otherwise the compound interest is greater than the simple interest.