You deposit rs 600 in a savings account that earns 4 % simple interest per year. Your friend deposits rs 400 in a savings account that earns 5% simple interest per year. Who will earn more interest after 3 years
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I am going to earn more interest
as yearly income for me is 24rs
3yr hence = 72rs
my frnds yearly interest 20rs
3yr hence his interest is=60rs
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