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6 ) Tara sold her Volkswagen and placed $ 9 , 2 0 0 in a savings account paying annual compound interest of 4 .
Tara sold her Volkswagen and placed $ in a savings account paying annual compound interest of
a Calculate the amount of money that will have accrued if she leaves the money in the bank for and years. pts
b Calculate the amount of money that will have accrued if the interest rate changed to and paid only simple interest for and years. pts
c After your calculations did compound or simple interest gain more money in years pts
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