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Simple interest or compound interest?

Exercise and reference answers

Left
Simple
Items
  1. Item
    Principal only
    Answer
    Simple
  2. Item
    Flat each year
    Answer
    Simple
  3. Item
    Abena at 1,120
    Answer
    Simple
  4. Item
    Added each period
    Answer
    Compound
  5. Item
    Grows faster
    Answer
    Compound
  6. Item
    Abena at 1,124.86
    Answer
    Compound
Right
Compound
Instructions
Swipe left for Simple, right for Compound.

Explanation

_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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