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Question Practice

Which example best illustrates the concept of compounding?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Banks and the Magic of Finance
Question Bank

Which example best illustrates...

Single Answer MCQ
Q-00131343

Which example best illustrates the concept of compounding?

1

Earning the same interest rate every year

2

Receiving a fixed loan amount each month

3

Accumulating interest on previous interest over time

4

Tracking deposits in a bank

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What is the primary function of a bank?

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Q2.

What does compounding refer to in finance?

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Q3.

What is one benefit of depositing money in a bank rather than keeping it at home?

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Q4.

Who supervises the banking system in India?

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