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  • 23-02-2024
  • Mathematics
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Devi has $8000 to invest in either Company A or Company B. Company A: 4.9% per annum simple interest Company B: 4.8% per annum compound interest, compounded half-yearly Devi wishes to invest the money for a period of 4 years. (i) Which company should she invest in? Explain your answer. (ii) Calculate the difference in interest earned after 4 years. ​

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