Q1Multiple choice
Suppose for the principal P, rate R% and time T, the simple interest is S and compound interest is C. Consider the possibilities. (i) C > S (ii) C = S (iii) C < S Then
- (a)only (i) is correct.
- (b)either (i) or (ii) is correct.
- (c)either (ii) or (iii) is correct.
- (d)only (iii) is correct.
Show answer
(a) only (i) is correct.