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  • 10-11-2022
  • Business
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Anastasia was trying to decide which investment plan would be best over 10 years. Bank a was offering 8. 5% simple interest on her money using the formula i = p r t. Bank b was offering 8% compounded annually using the formula a = p (1 + r) superscript t. Which bank is a better investment if she has $2,000 to invest for 10 years?.

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