Multiple Choice
Consider two investments: XPD and PDQ.Each investment pays interest at the end of each year and the interest rate does not change over time.The interest earned each year is given below:
Which of the following statements is (are) most correct?
A) PDQ and XPD earn simple interest.
B) PDQ earns simple interest, XPD earns compound interest.
C) PDQ earns compound interest, XPD earns simple interest.
D) PDQ and XPD earn compound interest.
Correct Answer:
Verified
Correct Answer:
Verified
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