Mathematics, 28.12.2020 14:00 leilaford2003
Tom and Jerry both invested the same amount for 8 years. If Tom’s rate of return is 9% and Jerry’s rate is 10% compounded annually then find how much more Jerry will have after 8 years than Tom?
e) 5.7% (f) 7.6%
g) 15.1% (h) 6.7%
Kindly explain it with solution.
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