Tap every statement true of simple interest

Exercise and reference answers

Questions

1. Items

   1. Text

      Uses the original principal every year

      Matches the category

      Yes

   2. Text

      The same amount each year

      Matches the category

      Yes

   3. Text

      Three years gives three times one year's

      Matches the category

      Yes

   4. Text

      Uses last year's amount as its base

      Matches the category

      No

   5. Text

      Grows faster each year

      Matches the category

      No

   Category

   True of SIMPLE interest

Explanation