Compound interest is always lesser than simple interest when calculated on the same principal, time period and rate of interest.

False

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True

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Solution

The correct option is A False

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Similar questions

Q. Compound interest is greater than the simple interest for the same time(2 years) and at the same rate of interest.

Which of the following statements is true? (Rate of interest = R% per annum)

A principal of ₹40,000 is compound annually at a rate of 10% for 2 years. What is the compound interest?

Is compound interest greater than the simple interest for the same rate and at the same time?

A principal of ₹ 40,000 is invested at the rate of 10% for 2 years in compound interest. Find the compound interest and is it greater than the simple interest for the same rate and the same time?

Question 53

Simple interest on a given amount is always less than or equal to the compound interest on the same amount for the same time period and at the same rate of interest per annum.

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