Compound interest is important in keeping up with the rate of inflation.TrueFalse

The Internet is an important resource for keeping up with resumes guidelines and trends.Group of answer choicesTrueFalse

Find the amount and the compound interest on ₹ 4,000 in 2 years, if the rate of interest for first year is 10% and for the second year is 15%.

Make a recommendation to Tom. Which loan should he use? a. Tom should take loan option B, the loan with compound interest. b. Normally, loans with compound interest will result in more interest being paid. c. In this case, Tom needs to pay close attention to the interest rates that apply. d. Because the simple interest loan has a rate that is so much higher, it would be wise to choose the compound interest loan.

Kushi invested a sum of money at compound interest. In 4 years it amounted to Rs. 5400 and in 5 years to Rs. 5670. The interest rate per annum is

A sum of money is doubled in 7 years at the compound interest rate. In how many years it will be8 times its actual value