For a given amount and given rate of interest, the compound interest and simple interest will be the same if the time period is ___

unequal

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same

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unalike

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distinct

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Solution

The correct option is B same
If the period for the calculation of interest is 1 year, then compound interest and simple interest will be the same, otherwise compound interest is always greater.

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For a given amount and given rate of interest, the compound interest and simple interest will be the same if the time period is ___

The correct option is B sameIf the period for the calculation of interest is 1 year, then compound interest and simple interest will be the same, otherwise compound interest is always greater.

The correct option is B same
If the period for the calculation of interest is 1 year, then compound interest and simple interest will be the same, otherwise compound interest is always greater.