Complete the comparison

Exercise and reference answers

Missing parts

1. Answer

   original principal

   Choices

   1. original principal
   2. final amount
   3. rate

2. Answer

   amount

   Choices

   1. amount
   2. rate
   3. principal

3. Answer

   grows

   Choices

   1. grows
   2. shrinks
   3. stays level

Complete the statement

Simple interest keeps the {0} as its base. Compound interest uses the previous year's {1}, so the interest earned {2} year on year.

Explanation