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22 November, 17:21

A man saved N48 000 with a cooperative

society at 4% interest rate for 3 years. Howmuch more money will he have in his account from compound interest than from

simple interest if it is compounded semi-

annually (i. e. half yearly).

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Answers (1)
  1. 22 November, 17:32
    0
    N5760

    (48000x4x3) ➗ 100=N5760
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