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1. A sum of RM 800 has been invested at an interest rate of 12 percent per quarter for 4 years. What is the value

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1. A sum of RM 800 has been invested at an interest rate of 12 percent per quarter for 4 years. What is the value of this investment, if the interest rate is paid as simple interest and compounded each year? Which interest rate earned the most? Justify your answer. [6 marks]

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