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16 March, 00:02

Complete the statement with correct answers. is the interest that the bank pays you on the principal plus on the that you earned the preceding year.

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Answers (2)
  1. 16 March, 00:26
    0
    its compound interest and interest

    Explanation:

    PLATO
  2. 16 March, 00:32
    0
    Compound interest.

    Simple interest is based only on the principal amount while compound interest is calculated on the principal plus accrued interest from the previous period (in this case, a year).
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