The compound interest is always same whether there is a decrease or increase in the rate of interest.

True

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False

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Solution

The correct option is B
False

The compound interest changes on decrease or increase in the rate of interest:

A = P × ${[1 + \frac{R}{100}]}^{n}$ ( for increment)

A = P × ${[1 - \frac{R}{100}]}^{n}$ (for decrement)

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The compound interest is always same whether there is a decrease or increase in the rate of interest.

The correct option is B False The compound interest changes on decrease or increase in the rate of interest: A = P × [1+R100]n ( for increment) A = P × [1−R100]n (for decrement)

The correct option is B
False

The compound interest changes on decrease or increase in the rate of interest:

A = P × ${[1 + \frac{R}{100}]}^{n}$ ( for increment)

A = P × ${[1 - \frac{R}{100}]}^{n}$ (for decrement)