please answer the question
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nice question bro
Step-by-step explanation:
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Answer:
Simple Interest
Compound Interest
Step-by-step explanation:
SI - Simple Interest
P - Principal Amount
R/r - Rate of Interest
T/t - Time in years
A - Final Amount to be paid back
n - Number of times the interest applied per time period
CI - Compound Interest
You can use these formulas to find the answer and then you can compare the results to see who paid more.
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