You invest 1000 for five years at 5 simple interest at
Simple and Compound Interest
You invest $1,000 for five years at 5% simple interest at Bank 1. You invest $1,000 for five years at Bank 2 where interest at 5% is compounded annually. Compute the amounts that will be accumulated.
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simple and compound interestyou invest 1000 for five years at 5 simple interest at bank 1 you invest 1000 for five
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