ICSE Class 8 Answered
If a deposit is offering 10% compounded over 4 years, find the effective of simple interest.
Asked by Cl_narayan | 26 Nov, 2019, 17:16: PM
A deposit is offering 10% compounded over 4 years, then the effective of simple interest will be calculated as follows
![](https://images.topperlearning.com/topper/tinymce/imagemanager/files/acef4c995f4dd096fc1017a3b9fc756c5dde33f481d332.46662193Screenshot2.png)
Answered by Arun | 27 Nov, 2019, 14:01: PM
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