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Standard VIII
Mathematics
SI
While calcula...
Question
While calculating compound interest, the principal remains the same for each year.
A
False
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True
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Solution
The correct option is
A
False
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While calculating compound interest, the principal amount doesn't change every year.
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While calculating simple interest, the principal remains the same for each year.
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Calculate the compound interest on a principal 10,000 at 8% per anum for 3 years.
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A sum of Rs. 8000 is invested for 2 years at 10% per annum compound interest.
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