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You were given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 5% or the interest on
You were given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 5% or the interest on $100,000 invested for 2 years at an interest rate of 5% compounded quarterly. Which investment earns the greater amount of interest? Give the difference between the amounts of interest earned by the two investments.
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