Final answer:
The amount of interest earned every year with compound interest is not constant.
Step-by-step explanation:
The statement is False.
The amount of interest earned every year with compound interest is not constant. With compound interest, the interest is calculated on both the principal amount and the accumulated interest from previous periods, leading to a continuously changing interest amount.
For example, if you have $100 invested with a 5% interest rate compounded annually for 3 years, the total future amount using compound interest would be $115, which shows that the interest earned each year is not the same.