Business Finance

MCQ - 30-2135

Question:

Which of the following statement is CORRECT regarding compound interest?

It is the most basic form of calculating interest.
It earns profit not only on principal but also on interest.
It is calculated by multiplying principal by rate multiplied by time.
It earns profit not only on principal but also on interest.

Correct Answer: C

Explanation:

Not required

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80 MCQ for effective preparation of the test of Business Finance of Business Ethics section.

Read the MCQ statement: Which of the following statement is CORRECT regarding compound interest? , keenly and apply the method you have learn through the video lessons for Business Finance to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 30-2135.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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