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26 votes
26 votes
A man wishes to invest $3500. He can buy savings bond which pay Simple Interest at the rate of 12% per annum or he can start a savings account which pays Compound Interest at the same rate.

Calculate the difference in the amount of the two investments at the end of 3 years.

User Enmanuel Duran
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1 Answer

23 votes
23 votes
875 will be the difference in the amount
User Wdg
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