When a person has a saving account in the bank , the bank assumes the position of----?
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Compound interest is generally applied when we open a savings account in bank and bank pays us interest.
Compound interest is generally applied when we take a loan from bank and we are paying interest to bank.
Hope it would have clear your doubt
Compound interest is generally applied when we take a loan from bank and we are paying interest to bank.
Hope it would have clear your doubt
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