Mathematics, 04.03.2021 23:00 SKYBLUE1015

Bethel decides to invest $3000 into a registered plan which will return 5% of the original amount paid back to Bethel annually. When the registered plan ends, the
original $3000 is returned to Bethel along with all the interest earned.
a. Is this an example of simple or compound interest? How do you know?

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Bethel decides to invest $3000 into a registered plan which will return 5% of the original amount p...