II. True or False. Write I if the statement is true and F if it is false. 1. In compound interest, he principal P undergoes a continuous change during the entire borrowing period. 2. In simple interest, interest is strictly calculated on the initial principal P. 3. In compound interest, the interest is calculated on the initial principal P for the first period and thereafter on a summation of the initial principal P and accumulates interest 4. In simple interest, the returns are constant and comparatively low. 5. In compound interest, the growth remains uniform and steady.​