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pappueshwar
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pls assist in solving the below
$1200 is invested at a given interest rate for two years. The difference between the simple 2-year non-compounded return at the end of the two years and an annually compounded return is $132. What is the interest rate?
OA : A
answer i got : 13
A.10%
B.11%
C.12%
D. 13%
E.14%
$1200 is invested at a given interest rate for two years. The difference between the simple 2-year non-compounded return at the end of the two years and an annually compounded return is $132. What is the interest rate?
OA : A
answer i got : 13
A.10%
B.11%
C.12%
D. 13%
E.14%
