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SSC CGL · Simple or Compound Interest

Exercise and reference answers

Items
  1. Item
    Interest stays same every year
    Answer
    left
  2. Item
    Interest is calculated on accumulated amount
    Answer
    right
  3. Item
    Formula: P × R × T / 100
    Answer
    left
  4. Item
    Formula: P (1 + R/100)^T − P
    Answer
    right
  5. Item
    Year-on-year interest grows
    Answer
    right
  6. Item
    Linear growth with time
    Answer
    left
Categories
Left
Simple Interest
Right
Compound Interest
Instructions
Sort each property: simple or compound interest?
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