Tap every statement true of simple interest

Exercise and reference answers

Questions

1. Items

   1. Text

      The base is the original principal

      Matches the category

      Yes

   2. Text

      Yearly interest is the same each year

      Matches the category

      Yes

   3. Text

      Total interest scales with the term

      Matches the category

      Yes

   4. Text

      Yearly interest grows over time

      Matches the category

      No

   5. Text

      The base is last year's amount

      Matches the category

      No

   Category

   True of SIMPLE interest

Explanation