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05-12-2018
Mathematics

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6. Assume $20,000 is deposited into a saving account. Bedford Bank offers an annual rate of 1% simple interest for 5 years. Slick Bank offers a rate of 5.1% simple interest for 1 year. Which earns more interest?

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05-12-2018

Answer: the answer would be simple interest for 5

Step-by-step explanation:

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