TopicName Test - iiNet

Bank A pays 5% p.a. over 3 years, and Bank B pays 5.5% p.a. for 2 years. The difference between the two banks’ final payout figure, if $10 000 was invested in each account is: $0. $125. $250. $1375. $1500. B Paul wishes to invest $10 000 for a period of 5 years. Which of the following investments would be best for him? 6.7% p.a. simple interest ................
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