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Mathematics, 15.04.2021 01:40 sweetyus06

Problem Solving What is the difference between simple interest and compound
interest. Use this example to help you explain the difference.
• $1,000 compound interest at 1.2% over 3 years
• $1,000 simple interest at 1.2% over 3 years
Simple interest
- Pre
Compound interest
A = P(1+ry


Problem Solving

What is the difference between simple interest and compound
interest. Use this ex

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Answers: 2

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Problem Solving What is the difference between simple interest and compound
interest. Use thi...

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