Simple or compound interest?
Read exercise and reference answers
- Items
- Item
- Base never moves
- Category
- Simple
- Item
- Same every year
- Category
- Simple
- Item
- On the principal
- Category
- Simple
- Item
- Base grows yearly
- Category
- Compound
- Item
- Rises every year
- Category
- Compound
- Item
- On last year's amt
- Category
- Compound
- Categories
- Item
- Simple
- Item
- Compound
- Instructions
- Tap a description, then tap the kind of interest it names.
_Source: syllabus Maths Ch7 Comparing Quantities, 7.4 Compound Interest_