Comparing Quantities

Suppose for the principal P, rate R% and time T, the simple interest is S and compound interest is C. Consider the possibilities

(i) C > S

(ii) C = S

(iii) C < S

Then,

• Only (i) is correct

• Either (i) or (ii) is correct

• Either (ii) and (iii) is correct

• Only (iii) is correct

Suppose a certain sum doubles in 2years at r% rate of simple interest per annum and R% rate of interest per annum compounded annually. Then,

• r < R

• R < r

• R = r

• Cannot be determined

If a% is the discount per cent on marked price x, then discount is

____________ means per 100.

• Ratio

• Percent

• Quantities

• GST

_________ is a pair of numbers written to make comparisons.

• Ratio

• Percent

• Quantities

• GST

The formula of compound interest is

• None of them

What is the formula of Simple Interest?

Which option contains the correct meaning of Cost Price?

• 1. the price at which goods are or have been bought by a merchant or retailer.

• a tax on goods and services sold domestically for consumption

• the price for which it is sold

• the amount of money expected

The gain% or loss% is always calculated on

• CP

• SP

• CI

• None of them

Discount is always calculated on _________

• MP

• CP

• CI

• SP

• SI