Which of the Following Is NOT True About Compound Interest

question 39

Multiple Choice

Which of the following is NOT true about compound interest

• A)As the number of compoundings increases the annual effective interest rate increases
• B)As the number of compoundings increases the incremental amount of interest
• Increases
• C)As the number of compoundings increases the total amount of interest increases
• D)As the number of compoundings increases the interest rate remains the same

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Definitions:

Dial Gauge Type

A category of measurement tools that use a dial to indicate small distances or angles, often used for precision engineering.

Yield Point

The stress at which a material begins to deform permanently, marking the end of elastic behavior and the beginning of plastic behavior.

Clamping Pressure

The force applied by a device to hold or secure objects tightly together, preventing movement or separation.

Allen Wrench

Hex-shaped wrenches designed to fit into recessed hex Allen screws.