Question 29

The time period after which the interest is added each time to form a new principal, is called the ___.

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Solution

The time period after which the interest is added each time to form a new principal, is called the conversion period.

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Question 29

The time period after which the interest is added each time to form a new principal, is called the ___.

When the interest you get after every year is different for a given principal sum and rate of interest, it is called-

Question 58

For fixed time period and rate of interest, the simple interest is directly proportional to the principal.

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