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How much additional money would you earn

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Question - Suppose Dhaka Bank Ltd. Pays 5 percent simple interest on its savings account balances, while Brac Bank Ltd. 5 percent interest compounded annually. If you made a Tk.10,000 deposit in each bank, how much additional money would you earn from each of the two banks at the end of 12 years?

Reference no: EM132603883

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