📊 Math
Q. Which statement is true?
  • (A) Simple interest depends on principal, rate and time; interest each year is same.
  • (B) Under simple interest, interest is added to principal each year.
  • (C) Simple interest and compound interest are identical for multi-year periods.
  • (D) Simple interest rate changes every year automatically.
✅ Correct Answer: (A) Simple interest depends on principal, rate and time; interest each year is same.

Explanation: Correct: SI = PRT/100 so depends on P,R,T and yearly interest is constant. Option2 describes compound interest. Option3 is false unless rate=0 or time=1. Option4 is false.

Explanation by: Mr. Dubey
Correct: SI = PRT/100 so depends on P,R,T and yearly interest is constant. Option2 describes compound interest. Option3 is false unless rate=0 or time=1. Option4 is false.

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