CI without adding interest back to principal becomes:
A. SI
B. Zero
C. Exponential
D. Floating
CI without adding interest back to principal becomes: Read More »
Interest Mcqs
CI formula reduces to SI when:
A. Rate = 0
B. Time = 1
C. Frequency = 1
D. Principal = 0
CI formula reduces to SI when: Read More »
Compound interest is always greater than or equal to simple interest:
A. True
B. False
C. Sometimes
D. Never
Compound interest is always greater than or equal to simple interest: Read More »
If interest is compounded continuously, then frequency tends to:
A. Zero
B. Infinity
C. Principal
D. Amount
If interest is compounded continuously, then frequency tends to: Read More »