QuestionA graph for simple interest steps up uniformly from interest period to interest period since the interest earned is constant and is always calculated on the original principal. The stairs line up in a line similar to the photographed railing. \$10 invested at 50\% interest year 1 = \$15 year 2 = \$20 year 3 = \$25
Studdy Solution
Verify the pattern of the graph:
The graph steps up uniformly by \$5 each year, confirming that the interest earned is constant and calculated on the original principal.
The graph for simple interest indeed steps up uniformly from interest period to interest period, as described.
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