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12 September, 10:06

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

+1
Answers (1)
  1. 12 September, 11:11
    0
    A. True.

    Step-by-step explanation:

    The value increases by the same amount ($5) every year so it is simple interest.
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