What is the difference between the 4.1% simple interest paid on $2,750 for 4 years and the 3.8% interest compounded annually on the same amount over the same period of time? Show your work.

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30-09-2022
Mathematics

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What is the difference between the 4.1% simple interest paid on $2,750 for 4 years and the 3.8% interest compounded annually on the same amount over the same period of time? Show your work.

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