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Question 4 : Anna deposits $ 9 0 0 0 in the bank. The interest rate is 5 % . When will the principal and

Question 4:
Anna deposits $9000 in the bank. The interest rate is 5%. When will the principal and interest on
deposit exceed $12,000 if (a) the interest rate is simple interest? (b) the interest rate is compound
interest rate?
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