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Simple or compound interest?

Exercise and reference answers

Items
  1. Item
    Base never moves
    Category
    Simple
  2. Item
    Same every year
    Category
    Simple
  3. Item
    On the principal
    Category
    Simple
  4. Item
    Base grows yearly
    Category
    Compound
  5. Item
    Rises every year
    Category
    Compound
  6. Item
    On last year's amt
    Category
    Compound
Categories
  1. Item
    Simple
  2. Item
    Compound
Instructions
Tap a description, then tap the kind of interest it names.

Explanation

_Source: syllabus Maths Ch7 Comparing Quantities, 7.4 Compound Interest_
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