Personal Finance Investment options Comparison of Investment Returns and Strategies
Ahmad is considering investing RM2000 to Ali's project at an interest rate 6% compound annually for 5 years or investing RM2000 to Rosli at 7% per year simple interest for 5 years. From your point of view which option is better and state your reason
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since the rates per period are the same, simple interest is less than compound interest.
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To calculate the interest earnings for Option 1, we can use the simple interest formula: Interest =
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