Mathematics
Assertion (A) : The simple interest on a certain sum is of the principal. If the number representing the rate of interest in percent and the time in year are equal then the time for which the principle is lent out is years. Reason (R) : In simple interest, Time = . 1. Both A and R are correct, and R is the correct explanation for A. 2. Both A and R are correct, and R is not the correct explanation for A. 3. A is true, but R is false. 4. A is false, but R is true.
Related Questions
If the interest is compounded half-yearly, the time is:
halved
doubled
tripled
not changed
Statement 1: On a certain sum, at the same rate of interest and for the same time period, compound interest is always greater than the simple interest.
Statement 2: In compound interest, the principal remains constant for the whole time period, however the compound interest keeps increasing every year.
Which of the following options is correct?
Both the statements are true.
Both the statements are false.
Statement 1 is true, and statement 2 is false.
Statement 1 is false, and statement 2 is true.
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): 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.