Question

1. The following statement is true regarding the
interest on a sum of Rs. 10000 at a rate of interest
pa
for
4 years
12%
O
a) The simple interest is greater than the
compound interest
(b) The simple interest is equal to the
compound interest
O
The simple interest is less than the
compound interest
O
d) The data is not sufficient to answer the
question​

Answer 1

Answer:

option a

Step-by-step explanation:

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Answer 2

The correct answer is option (a) The simple interest is greater than the compound interest.

Explanation:

• The correct statement is that the: The simple interest is greater than the compound interest.
• Interest refers to the cost of borrowing money, where the borrower pays a fee to the lender for the loan. Generally, simple interest paid or received over a certain period of time.
• Hence, the correct answer is option a i.e The simple interest is greater than the compound interest.