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Simple or compound?

Exercise and reference answers

Items
  1. Item
    Base is the original principal
    Category
    Simple interest
  2. Item
    Same interest every year
    Category
    Simple interest
  3. Item
    Three years is three times one year
    Category
    Simple interest
  4. Item
    Base is last year's amount
    Category
    Compound interest
  5. Item
    Interest rises year on year
    Category
    Compound interest
  6. Item
    A bank passbook where interest grows
    Category
    Compound interest
Categories
  1. Item
    Simple interest
  2. Item
    Compound interest

Explanation

The base is what differs: the original principal, or the amount so far. Source: syllabus Maths, Ch 7 Comparing Quantities.
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