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(Help needed I don’t understand due soon) Larry is evaluating the best way to invest $5000 how much more money to the nearest dollar will he earn on his investment and 1% compound interest for 10 years then at 1% simple interest for 10 years?

A) $23
B) $500
C) $523
D) $51

User JediKnight
by
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1 Answer

5 votes

Answer:

23

Explanation:

I=5000x1

User AttemptedMastery
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