Question

The sum of the Principle and its interest is known as ?

• A. Simple Interest
• B. Compound Interest
• C. Rate Per annum
• D. Amount

Answer 1

The correct option is D Amount

The sum of principal and its interest is known as $\text{Amoun}$.

The formula to calculate amount is $P{(1+\frac{R}{100})}^T$.

Here $P$ is principal, $R$ is rate of interest and $T$ is period.