TOEFL / Reading practice / Section ZM3E
Complete the Words

Fill in the missing letters in the paragraph.

Money in an account can grow differently depending on how interest is calculated. Compound inte adds prev earnings t the bal so fut payments a calculated us both orig savings a accumulated inte from earlier periods. With a constant rate and no withdrawals, the amount earned in a later period exceeds the amount earned in an earlier one. The percentage rate has not risen; it is being applied to a larger base. Simple interest works differently because the calculation continues to use only the original sum. The contrast becomes more noticeable as the number of periods increases.

Type only the missing letters. Each box is one letter, and the number of boxes matches the letters that are missing.