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Two banks pay simple interest on short-term deposits. Bank A pays 6% p.a. over 3 years. and Bank B pays 6.5% p.a. for 2 years.

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Two banks pay simple interest on short-term deposits. Bank A pays 6% p.a. over 3 years. and Bank B pays 6.5% p.a. for 2 years. The difference between the two banks' final payout figure, if P12000 was invested in each account is: Php 150 Php210 Php 180 Php 203.20

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