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Over the same rate and time, compound interest compared to simple is:
ALess
BSame
CZero
DMore
Answer & Solution
Correct answer: D. More
1. Simple interest is always on the original sum.
2. Compound interest earns on the interest as well.
3. So compound interest comes out larger.
4. The answer is more.
_Source: NCERT Class 8 Mathematics, Ch 7 'Comparing Quantities'_
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