Edwin deposits \$10 000 into Bank A at a simple interest rate of 3% per annum and another \$10 000 into Bank B at 3% per annum, compounded annually. After 2 years, how much more money does Edwin have in Bank B than in Bank A?

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Rate and average speed

E Math · Secondary 4 · Hard · Rate and average speed

Edwin deposits \0 000 into Bank A at a simple interest rate of 3% per annum and another \0 000 into Bank B at 3% per annum, compounded annually. After 2 years, how much more money does Edwin have in Bank B than in Bank A?

\$9
\$90
\$600
\$900

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