Does it raise the interest or lower it?
Exercise and reference answers
- Left
- Raises
- Items
- Item
- Bigger principal
- Answer
- Raises
- Item
- Higher rate
- Answer
- Raises
- Item
- Longer term
- Answer
- Raises
- Item
- A 360 day year
- Answer
- Raises
- Item
- Smaller principal
- Answer
- Lowers
- Item
- Lower rate
- Answer
- Lowers
- Item
- Shorter term
- Answer
- Lowers
- Item
- A 365 day year
- Answer
- Lowers
- Right
- Lowers
- Instructions
- Swipe left for Raises, right for Lowers.
Explanation
_Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_