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RESEARCH!!!!! 1. What is Interest and Interest rate? 2. What is Simple Interest and what is its formula? 3. What is Compound Interest and what

RESEARCH!!!!! 1. What is Interest and Interest rate? 2. What is Simple Interest and what is its formula? 3. What is Compound Interest and what is its formula? 4. Why is the effect of compounded interest greater than the effect of simple interest

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