Assertion and reason: simple interest

Exercise and reference answers

Questions

1. Reason

   It is always worked out on the unchanging original principal.

   Verdict

   Both are true; the reason explains the assertion.

   Assertion

   Simple interest is identical in every year of the term.

2. Reason

   Amount is defined as principal plus interest.

   Verdict

   Both are true; the reason explains the assertion.

   Assertion

   The amount exceeds the principal.

3. Reason

   Interest is extra money paid on a deposited sum.

   Verdict

   The assertion is false and the reason is true.

   Assertion

   Simple interest grows year on year.

Explanation