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29 votes
A man placed $10,600 in a fixed deposit for 8 years at 6% per annum.

a) Calculate the total amount received at the end of the period under simple interest.
b) Determine the total amount received at the end of the period under compound interest.
c) State the difference in the interest received

User ObsessiveCookie
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19 votes

Answer:

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User Loretoparisi
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