Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?

A) An investment earning simple interest at rate r always earns less interest compared to the same investment using a compound interest rate of j₁ = r.
B) When discounting a promissory note,the larger the simple interest rate used to discount the note,the larger will be the proceeds of the note.
C) On a loan,interest calculated using ordinary interest is always less than that calculate using exact interest.
D) If a simple discount rate of d is equivalent to a simple interest rate of r,then d < r as long as time t is positive.