MyQuestionIcon

6

You visited us 6 times! Enjoying our articles? Unlock Full Access!

Partnership Deed

The money tha...

Question

The money that must be repaid in
addition to the principal sum in
a loan is known as interest.

A

True

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

B

False

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

Open in App

Solution

The correct option is A True

Suggest Corrections

thumbs-up

0

Similar questions

Q. Logan borrowed Rs.

12

lakhs as housing loan from SBI at

12 %

p.a to be repaid in

8

years. if the EMI is Rs.

5400

per lakh, find how much he pays as interest in the first month. Find also he principal repaid then.

Q. A man takes a loan of ₹50,000 from the bank. The interest on the loan is ₹10,000. If he repaid the money back in 6 months, how much did he pay each month?

Q. A sum of Rs. 1100 was taken as a loan. This is to be repaid in two equal installments. If the rate of interest be 20% compounded annually, then the value of the each installment is

Q. In how many years will the simple interest on a sum of money be equal to the principal at the rate of

16 \frac{2}{3}

A sum of money amount to ₹ 6200 in 2 years and ₹ 7400 in 3 years. Find the principal and rate of interest.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Analysing Capital Accounts

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Partnership Deed

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon