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August 30, 2015

Homework Help: Understanding interest rates

Posted by Anonymous on Thursday, April 12, 2012 at 8:19pm.

What would be the diffrence in earning between simple and compound interest if your initial balance was $1,000 rather than $100?


What would be the diffrence in earnings between simple and compound interest on your $100 saving after five years?

MY ANWER: there won't be a diffrence.

I have no idea how to do this I'm just guessing..

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