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MATHS TRUE / FALSE

Simple and Compound Interest · ICSE STD 8 (ICSE - English Medium). 5 questions.

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TRUE / FALSE

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5 questions · timed · auto-graded

Question 11 Mark
If the interest is compounded quarterly then there are $2$ conversion periods in a year.
Answer
If the interest is compounded quarterly then there are $2$ conversion periods in a year. $($False$)$
Correct : There are $4$ conversion period not two.
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Question 21 Mark
The time from one specified interest period to the next period is called conversion period.
Answer
The time from one specified interest period to the next period is called conversion period. $($True$)$
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Question 31 Mark
In compound interest, the principal remains constant for the whole period.
Answer
In compound interest, the principal remains constant for the whole period. $($False$)$
Correct : It goes on changing every conversion period,
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Question 41 Mark
Compound interest is calculated on the amount of the previous year.
Answer
Compound interest is calculated on the amount of the previous year. $($True$)$
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Question 51 Mark
The interest paid by the banks, post offices, insurance companies is simple interest.
Answer
The interest paid by the banks, post offices, insurance companies is simple interest. $($False$)$
Correct : It is compound interest.
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TRUE / FALSE - MATHS STD 8 Questions - Vidyadip