Question

The simple interest and compound interest for one year on an article is _____. *

1. Same
2. Double
3. Half
4. Different

plz answer this question I need help ​

Answer 1

Answer:

different

Step-by-step explanation:

maybe this can help

Answer 2

Concept

Simple interest is determined on the loan's initial principle amount. Compound interest is computed using the principle amount as well as the accumulated interest from prior periods, and is hence known as "interest on interest."

Given

The simple interest and compound interest for one year on an article is _____.

1. Same

2. Double

3. Half

4. Different

Find

We are asked to fill in the blank.

Solution

The simple interest and compound interest for one year on an article is Same. Because the time period is just one year and the interest rates for both C.I. and S.I. are the same, the interest generated in both circumstances will be the same.

Hence option (1) Same is the correct answer.