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.

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asked Nov 6, 2020 56.3k views

2 votes

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

Mathematics
middle-school

Jeph asked

by Jeph

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2 Answers

2 votes

Answer:True

Explanation:

Patrick The Cat answered Nov 8, 2020

by Patrick The Cat

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4 votes

Answer:

A. True.

Explanation:

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

Joey Gao answered Nov 13, 2020

by Joey Gao

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