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choli [55]
3 years ago
6

Your rich uncle deposits $10,000 in a bank account for you when you are born he plans to give it to you at 18 to help pay for co

llage
a. How much money will you have if he invests it a 8% with simple interest
b. How much money will you have if he invests it at 8% with compound interest
Mathematics
1 answer:
il63 [147K]3 years ago
8 0
The simple interest is 24400
the compounded interest is 39960.19
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