. Rahim wants to deposit Rs 50,000 at the rate of 10% per annum for two years.
Answer the following questions
(1) Simple interest earned on the given sum of money is
(a) 500
(b) 10,000
(c) 5,000
(d) 0
(ii) If the interest is compounded annually, he would get an amount of
at the end of two years.
(a) 60,500
(b) 10,500
(c) 0
(d) 50.000
(iii) Simple interest and compound interest is same for the first year.
(a) True
(b) False
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(iv)When interest is compounded quarterly, the rate of interest is
(a) 0
(b)r
(c) 1/2
(d) r/4
(v) Rahim gets back more money when the interest is calculated on
(a) simple interest
(b) compound interest
(c) both give same amount (d) none of these
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Answer:
5000
Step-by-step explanation:
0
false
1/2
both give same amount (d)none of these