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Comparing Quantities — MATHS STD 8 — Question

Gujarat BoardEnglish MediumSTD 8MATHSComparing Quantities1 Mark
Question
Simple interest on a given amount is always less than or equal to the compound interest on the same amount for the same time period and at the same rate of interest per annum.
✓

Answer

For $1$ year, the simple interest and compound interest for same amount on same rate of interest are equal. But for $2$ year, the simple interest is less than the compound interest for same amount on same rate of interest.

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