Mathematics
Assertion (A): Compound interest for the 2nd year on ₹ 8,000 at 5% p.a. is ₹ 820.
Reason (R): Compound interest for 2 years = Amount at the end of 2nd year - original sum.
Both A and R are correct, and R is the correct explanation for A.
Both A and R are correct, and R is not the correct explanation for A.
A is true, but R is false.
A is false, but R is true.
Related Questions
Assertion (A) : The simple interest on ₹ 15,000 in 2 years at 6% p.a. is ₹ 1,800. Then compound interest on the same sum at the same rate of interest for 2 years will never be less than ₹ 1,800.
Reason (R) : For a given principal, rate and time, both simple interest and compound interest are equal for the 1st year.
Both A and R are correct, and R is the correct explanation for A.
Both A and R are correct, and R is not the correct explanation for A.
A is true, but R is false.
A is false, but R is true.
Assertion (A) : On ₹ 8,750 at 8% p.a., the simple interest for 1st year is equal to the simple interest for 4th year.
Reason (R) : Simple interest for 4th year = Amount at the end of 4th year - original sum.
Both A and R are correct, and R is the correct explanation for A.
Both A and R are correct, and R is not the correct explanation for A.
A is true, but R is false.
A is false, but R is true.