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Andi deposited 25 million in the bank on March 8, 2020 with an interest rate...

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Question

Accounting

Andi deposited 25 million in the bank on March 8, 2020 with an interest rate of 5% per year. If on March 8, 2022 the money is withdrawn from the bank, calculate the money Andi will get if:

1. Single interest applies

2. Compound interest applies

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