You have a choice of investing $10,000 at either 10% simple interest or at 10%...
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You have a choice of investing $10,000 at either 10% simple interest or at 10% compound interest, with annual compounding. What will be the dollar amount of the difference between the total amount of interest earned after two years under these two alternative scenarios?
(Enter your answer as a whole number without a dollar sign.)
You have a choice of investing $10,000 at either 10% simple interest or at 10% compound interest, with annual compounding. What will be the dollar amount of the difference between the total amount of interest earned after two years under these two alternative scenarios?
(Enter your answer as a whole number without a dollar sign.)
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