M L Aggarwal Solutions for Chapter: Simple and Compound Interest, Exercise 2: Objective Type Questions
M L Aggarwal Mathematics Solutions for Exercise - M L Aggarwal Solutions for Chapter: Simple and Compound Interest, Exercise 2: Objective Type Questions
Attempt the free practice questions on Chapter 8: Simple and Compound Interest, Exercise 2: Objective Type Questions with hints and solutions to strengthen your understanding. ICSE Understanding Mathematics Class 8 solutions are prepared by Experienced Embibe Experts.
Questions from M L Aggarwal Solutions for Chapter: Simple and Compound Interest, Exercise 2: Objective Type Questions with Hints & Solutions
In compound interest the _____ goes on changing every conversion period.
The time after which the _____ is added each time to form a new principal is called Conversion period.
If the interest is compounded semi-annually then semi-annually rate is _____ of annual rate.
The interest paid by the banks, post offices, insurance companies is simple interest.
Compound interest is calculated on the amount of the previous year.
In compound interest, the principal remains constant for the whole period.
The time from one specified interest period to the next period is called conversion period.
If the interest is compounded quarterly then there are conversion periods in a year.
