Ask Question
1 April, 07:10

The table below shows the future value of a certificate of deposit (CD), after x

years. Don states the applied interest is simple interest. True or false?

(number of years)

(future value)

$205.00

$210.00

$215.00

$220.00

$225.00

A. True

B. False

+5
Answers (1)
  1. 1 April, 07:14
    0
    A. True.

    Step-by-step explanation:

    The value increases by the same amount ($5) every year so it is simple interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The table below shows the future value of a certificate of deposit (CD), after x years. Don states the applied interest is simple interest. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers