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sp2606 [1]
3 years ago
11

Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or wi

th compound interest?
Mathematics
2 answers:
Ganezh [65]3 years ago
6 0
He would earn more with compound interest
kenny6666 [7]3 years ago
4 0

Answer:

Compound interest.

Step-by-step explanation:

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Step-by-step explanation:

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The price of a sweater was reduced from $20 to $12.By what percentage was the price of the sweater reduced?
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Step-by-step explanation:

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Step 2; We must find how much of the cost was reduced from the initial cost i.e. how much $8 is to $20. To do this we must convert it into a percentage. We divide the $8 with the $20 to get a value. This value must be multiplied with a 100 to be converted into a percentage.

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