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Kyle has to decide if he should deposit his P5 000 in a savings account at. A simple interest of 5% for 5 years or

Kyle has to decide if he should deposit his P5 000 in a savings account at. A simple interest of 5% for 5 years or invest it in his friend's business which can potentially earn an interest of 5% compounded monthly for 5 years.

What should be his decision?

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