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Mathematics, 30.11.2020 18:30 tyree111

Mia wants to borrow £6000 and repayit, with ineterest, after two years . shes sees two offers for loans: offer 1 compound interest 3% per year
offer 2 compound interest first year 1% second year 5%
mia says, i willpay back the same amount because he eaverage of 1% and 5% is 3%
is she correct?

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