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After a period of 3 years, how much greater is the interest [#permalink]
14 Oct 2003, 22:56
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After a period of 3 years, how much greater is the interest income on $5,000 invested in investment A, which yields x percent interest compounded annually, than on the same amount invested in investment B, which yields y percent simple annual interest?
(1) After 1 year, the interest income from investment A is $500.
(2) after 3 years, the interest income from investment B is $1,500