Is it fake? Snopes says a lot about it not really demonstrating a decline in education, but I didn't see them make a strong call on whether they were or weren't actual questions from 1895?
Simple interest would be calculated by simple division, but for compound interest you would definitely need more information. Maybe it was safe to assume at the time that students were taught about simple, rather than compound, interest.
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I know its fake but... Arithmetic 6 - Can't get the interest(at least any interesting one) without the capitalization period.
Is it fake? Snopes says a lot about it not really demonstrating a decline in education, but I didn't see them make a strong call on whether they were or weren't actual questions from 1895?
Simple interest would be calculated by simple division, but for compound interest you would definitely need more information. Maybe it was safe to assume at the time that students were taught about simple, rather than compound, interest.