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Simple Interest:
A = P × i ÷ 100 × n
= 10,000 × 8.25 ÷ 100 × 3
= 247.5
= 10,000 + 247.5
= $10,247.5
Compound Interest:
A = P (1 + i ÷ 100) n
= 10,000 (1 + 8.25 ÷ 100) ³
= $12,684.80
The Compound Interest Principal Will Have Majority Value In 3 Months
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