Arithmeticeasy · Past Paper
The interest calculated on the principal alone is called:
ACompound Interest
BSimple Interest
CMonthly Interest
DTotal Interest
✓ Correct Answer: B — Simple Interest
Simple interest is calculated only on the initial principal throughout the loan/investment period.
Share this question
More from Arithmetic
- A person sells a shirt for Rs. 480 and loses 20%. At what price must he sell to gain 20%?
- A mixture contains milk and water in the ratio 4:1. If there is 20L of milk, find the quantity of water.
- What is the compound interest on Rs. 5000 for 1.5 years at 10% p.a. compounded semi-annually?
- If 10% of A = 20% of B = 30% of C, find A:B:C.
- A man buys 10 pens for Rs. 80 and sells them at 8 pens for Rs. 100. Find his profit percentage.