## Frank Solutions for Class 9 Maths Chapter 3 Compound Interest - Download Free PDF with Solution

## FAQs on Frank Solutions for Class 9 Maths Chapter 3 Compound Interest - PDF

1. What is simple interest?

The interest paid on a principal amount following an interest rate without using compounding formula is called simple interest.

2. What is compound interest?

An interest calculated by using the compounding formula on a principal amount is called compound interest. The formula has a power function that depicts the year(s) or time period of compound interest.

3. What is a semi-annual interest calculation?

Semi-annual interest means when the rate of interest is used for calculation by splitting a year into two equal halves. The formula is also adjusted accordingly.

4. What is a quarterly interest calculation?

When a year is divided into four equal divisions to implement the compound interest rate, it is called quarterly interest calculation.

5. Which one is greater simple interest or compound interest?

The outcome of simple interest is lesser than the compound interest for a time period of more than one year.