Two are true, one is not

Exercise and reference answers

Questions

1. False statement

   Compound interest keeps one base

   Statements

   1. Compound interest re-bases each year
   2. Simple interest keeps one base
   3. Compound interest keeps one base

2. False statement

   Simple pulls ahead afterwards

   Statements

   1. Simple pulls ahead afterwards
   2. The two agree in year one
   3. Compound pulls ahead afterwards

3. False statement

   A constant yearly interest signals compounding

   Statements

   1. A rising yearly interest signals compounding
   2. A constant yearly interest signals compounding
   3. A constant yearly interest signals simple interest

Explanation