Question
Lauren invested $600 three years ago at 7 percent interest. She spends her earnings as soon as she earns any interest so she only receives
Lauren invested $600 three years ago at 7 percent interest. She spends her earnings as soon as she earns any interest so she only receives interest on her initial $600 investment. Which type of interest is Lauren earning?
A.
free interest
B.
complex interest
C. interest on interest
D.
compound interest
E.
simple interest
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
