MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Compound Interest

In real life,...

Question

In real life, what type of interest is most commonly applied?

A

Compound interest

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Simple interest

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Both A and B

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Variable interest

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Compound interest
In real life situations, the most common type of interest is compound interest.

Suggest Corrections

thumbs-up

0

Similar questions

In real life what type of interest is most commonly applied?

In real life, the type of interest which is most commonly applied is ___

Q. Which type of building is most commonly seen in cities?

Q. Which type of soil is most commonly found in Tamil Nadu?

Q. The most commonly used type of vector is

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Simple and Compound Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Compound Interest

Standard IX Mathematics

Join BYJU'S Learning Program

CrossIcon