Arithmeticeasy · Past Paper
Compound interest is usually ________ than simple interest for the same principal, rate, and time (T > 1).
ALower
BEqual
CHigher
DHalf
✓ Correct Answer: C — Higher
Compound interest includes interest on previously earned interest, making it higher than simple interest over time.
Share this question
More from Arithmetic
- A trader marks his goods 20% above CP and allows 10% discount. Find his profit percentage.
- Find the ratio of 40 minutes to 2 hours.
- Gold is 19 times as heavy as water and copper is 9 times as heavy as water. In what ratio should these be mixed to get an alloy 15 times as heavy as water?
- What is the compound interest on Rs. 5000 for 1.5 years at 10% p.a. compounded semi-annually?
- A and B have money in the ratio 2:1. If A gives Rs 2 to B, the money will be in the ratio 1:1. How much money did A have?