Tap every statement true of compound interest

Exercise and reference answers

Questions

1. Items

   1. Text

      Each year's interest joins the base

      Matches the category

      Yes

   2. Text

      Interest grows year on year

      Matches the category

      Yes

   3. Text

      Matches simple interest in year one

      Matches the category

      Yes

   4. Text

      Uses the original principal throughout

      Matches the category

      No

   5. Text

      Is fixed for every year

      Matches the category

      No

   Category

   True of COMPOUND interest

Explanation