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$2,000 at 12% for 3 years ​
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13 votes
$2,000 at 12% for 3 years ​

User Gaurav Singhal
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1 Answer

10 votes
Simple interest: 2,720
Compound interest: 2,809.86

Step-by-step explanation:
In compound interest, you earn interest on your interest.
Simple interest is just 2,000 + 12%(2000•3)
Hope this helps!
User Jazzepi
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