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How much more could have earned over a seven-year period

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Problem 1: You invested RM1,650 in an account that pays 5 percent simple interest. How much more could you have earned over a 20-year period if the interest had compounded annually?

Problem 2: Travis invested RM9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually?

Reference no: EM132931252

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