Question

(i) The compound interest and simple interest are equal at the same rate of interest per
annum in
(a) 1 year (b) 2 years (c) 3 years (d) 4 years​

Answer 1

Answer:

1 year

Step-by-step explanation:

because compound interest

Answer 2

Answer:

In case of simple interest the principal remains the same for the whole period but in case of compound interest the principal changes every year. Clearly, the compound interest on a principal P for 1 year =simple interest on a principal for 1 year, when the interest is calculated yearly.