Question

MEDALS AND FAN
demonstrate the relationship between simple interest and linear growth

Answer 1

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Answer 2

The formula for simple interest is B = A (1 + r*X), where B = Balance, A = original balance, X = number of periods of interest, and r = interest rate.
B = A (1 + r*X) is a linear function. Thus, simple interest grows linearly.

Answer 3

define compound interest as a real-life example of exponential growth

Answer 4

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