Math  /  Data

QuestionIs Andrea correct that the interest on the CD is simple interest based on the future values after xx years? A. True B. False

Studdy Solution
As we can see, the annual increase is the same between the first and second year and the second and third year. This suggests that the interest is indeed simple interest, as it is a fixed amount added each year.
Therefore, Andrea's statement that the applied interest is simple interest is True.

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