Mathematics, 25.02.2021 03:50 cheyennerondeau
1. Mr. Martinez invests $8000 in a bank for 3 years and receives simple interest at 12% per annum. If he invests his money in bonds for the same period, he will receive compound interest at 7.5% per annum. Calculate the interest Mr. Martinez received in both cases. State which investment is the better one and the difference in interest received.
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1. Mr. Martinez invests $8000 in a bank for 3 years and receives simple interest at 12% per annum. I...
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