MCQ 11 Mark
Assertion (A) In simple interest, the growth remains constant. But in the coumpund interest, the growth has been very fast.
Reason (R) In compound interest, the interest is calculated mostly on principal amount. But in simple interest, it is charged on both the principal as well as the accumulated interest.
Reason (R) In compound interest, the interest is calculated mostly on principal amount. But in simple interest, it is charged on both the principal as well as the accumulated interest.
- ABoth A and R are true and R is the correct explanation of A.
- BBoth A and R are true and R is not the correct explanation of A.
- ✓A is true but R is false.
- DA is false but R is true.
Answer
View full question & answer→Correct option: C.
A is true but R is false.
C