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29 April, 18:58

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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  1. 29 April, 19:19
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    Answer: the answer would be simple interest for 5
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