Question

you deposit $300 per year for 30 years. Is it linear or non-linear?

Answer 1

Answer:

It is linear because you are depositing a constant amount in each year upto 30 years. So If we plot the points in a graph I will be looks like Linear.

Answer 2

Answer:

Each year, you would earn 5% interest: $1000(0.05) = $50 in interest. So over the course of five years, you would earn a total of $250 in interest. When the bond matures, you would receive back the $1,000 you originally paid, leaving you with a total of $1,250.