A. Depends on compounding frequency
B. Is the same every year
C. Decreases each year
D. Is added to principal for next year’s interest
Answer: B
Why: SI is linear; equal interest each period.
A. Depends on compounding frequency
B. Is the same every year
C. Decreases each year
D. Is added to principal for next year’s interest
Answer: B
Why: SI is linear; equal interest each period.