TopicName Test - Jacaranda
6% p.a. simple interest is the effective interest rate. Convert the 5.75% p.a. compound interest with monthly rests to an effective simple interest rate. The 6% simple interest is the better choice as it is higher than the 5.9% p.a. effective interest rate of 5.75% compound interest with monthly rests. 5 Maths Quest Maths A Year 12 for ... ................
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