:( this table below shows the future value of a certificate of deposit (cd), after x years. andre states the applied interest is simple interest. true or false? and why if you can?

Step-by-step explanation: (Apex) just did the quiz 9/26/19

Andre states that the applied interest is simple interest, this statement is true.

Step-by-step explanation:

From the given table it is noticed that the value of y increased by 17.50 as the value of x increased by 1.

The rate of change is calculated as

For first two years the rate of change is

The rate of change for next two years is

Similarly, the rate of change for all years in 17.50.

Since the rate of change is same for all years, therefore the future value is increased by a constant rate, therefore the applied interest is simple interest.

So, the statement "the applied interest is simple interest" is true.

step-by-step explanation: