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Kabo saved P10, 000 with FNB for 5 years earning an interest rate of 10% per annum. Calculate the amount of money Kabo will receive

  1. Kabo saved P10, 000 with FNB for 5 years earning an interest rate of 10% per annum. Calculate the amount of money Kabo will receive at the end of 5 years:
  1. If simple interest was used?
  2. If compound interest was used?

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