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

Compound interest

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

Simple interest

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

Both are equally used

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

There is a third type of interest that is used.

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 is compound interest.

Suggest Corrections

Similar questions

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

Join BYJU'S Learning Program