Question
A person deposited a sum of R6 000 in a bank account earning 5% per annum simple interest. Another person deposited R5 000 into another
A person deposited a sum of R6 000 in a bank account earning 5% per annum simple interest. Another person deposited R5 000 into another account earning 8% per annum, compound yearly. After two years, the difference in the interest earnedof the two accounts is?
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
