Homework Answers
ANSWER : COMPOUND INTEREST (THUMBS UP PLEASE)
FUTURE VALUE IS SUM OF INTEREST & PRINCIPAL SO THAT CAN NOT BE THE ANSWER. DISCOUNT INTEREST IS PAID IN THE BEGINNING ONLY, SO IT IS ALSO NOT THE ANSWER. PRIMARY INTEREST IS ADDED TO PRINCIPAL AND THEN AGAIN INTEREST IS CALCULATED. SO IT IS ALSO NOT THE ANSWER
SO CORRECT ANSWER : COMPOUND INTEREST WHICH IS PAYABLE WITH PRINCIPAL ON MATURITY
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