There is only one type of interest and that is known as compound interest.

True

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False

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Solution

The correct option is B False

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Similar questions

Q. The difference between simple interest and compound interest is that

Kamala borrowed from Ratan a certain rate for two years simple interest. She lent this sum at the same rate to Hari for two years compound interest. At the end of two years, she received Rs. 210 as compound interest, but paid Rs. 200 only as simple interest. Find the sum and the rate of interest.

Q. A person lent out a certain sum on simple interest and the same sum on compound interest at certain rate of interest per annum. He noticed that the ratio between the difference of compound interest and simple interest of 3 years and that of

2

years is

25 : 8

. The rate of interest per annum is........

Q. There are two major types of pressure groups: sectional interest groups and public interest groups.

Q. Kamala borrowed from Ratan a certain sum at a certain rate for two years simple interest. She lent this sum at the same rate to Hari for two years compound interest. At the end of two years, she received Rs

210

as compound interest but paid Rs

200

only as simple interest. Find the sum and the rate of interest.

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