Correct answer choice is :
D) Compound interest earns more because the amount on which interest is paid increases over time.
Explanation:
Simple interest is the quantity of interest obtained on the initial amount of money spent. Simple interest is paid out as it is gained and does not become part of an account's interest-bearing balance. The invested amount is called the principal. Compound interest is computed on the principal amount and also on the accrued interest of prior periods, and can, therefore, be considered as interest on interest.
Answer:
[2] They can be entertaining to watch but extremely dangerous when used by untrained individuals.
Explanation:
Answer:
Letter to the editor highlighting the miserable situation of traffic in my city.
Explanation:
ABC Colony
New Delhi
To,
The Editor
XYZ Daily Express
New Delhi
23 May 2018
Subject: Miserable situation of traffic in our area.
Dear Sir,
I am writing to your esteemed newspaper about the horrendous situation of traffic in and around ABC Colony. Not only is the traffic bad on normal days, but it also becomes much worse during the monsoons and winters. There are no traffic lights working, nor are there any traffic policemen on duty. Moreover, the road is full of potholes that further disrupts and pose a huge threat to the movement of traffic and even the safety of both drivers and the ones walking.
The colony’s welfare association has written to the concerned authorities about the issue but no action has been taken so far. So, I am writing to your newspaper in the hope that the issue catches the attention of the concerned authorities.
Thank you.
Regards,
Mr. Atul Sharma
A resident of ABC Colony.
