In case of compound interest, the amount of a year becomes the principle for next year *
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Given : In case of compound interest, the amount of an year becomes the principal of next year
To Find : True or False
Solution:
In case of compound interest, the amount of an year becomes the principal of next year
This is TRUE if compounding period is 1 Year
In compound interest Amount after every compounded period becomes principal from the the next period.
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if the difference between the ci and si for 2 years at 12 percentage ...
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1. Find the difference between C.I and S.I on 5000 for 1 year at 2 ...
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Solution
In case of compound interest, the amount for the first year becomes principal for second year.
This is TRUE
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