Question 29
The time period after which the interest is added each time to form a new principal, is called the ___.
The time period after which the interest is added each time to form a new principal, is called the conversion period.
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.