Consider Drops of Water That Leak from a Dripping Faucet

question 24

Multiple Choice

Consider drops of water that leak from a dripping faucet. As the drops fall, they

• A)get closer together.
• B)get farther apart.
• C)remain at a relatively fixed distance from one another.

---

Definitions:

Exact Simple Interest

Interest calculated based on the actual number of days in the loan period divided by the exact number of days in a year, typically 365 or 366.

365-Day Year

A conventional method used in finance that assumes all years have 365 days for the purpose of interest calculation.

Exact Simple Interest

Interest calculated precisely on the principal amount, without compounding, for a specific time period.

365-Day Year

A reference to a full calendar year consisting of 365 days, typically excluding leap years which have 366 days.