Amount is the sum of the initial principal and the interest levied for certain number of years. Say true or false.
True
False
Amount is the sum of the initial principal and the interest levied for certain number of years. So, A = P + SI.
Interest is the extra money paid by the borrower to the lender. Say true or false.
Year 2016 is a leap year. Say True or False.
Associative property holds good for only 3 numbers. Say true or false.
State whether the given statement is true or false. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. The rate of interest per annum is 8%.