BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tell whether the given situation shows SIMPLE or COMPOUND interest.Sandy invested P24, 000 in a stock portfolio that earns 7% interest per month. She earned P16, 800 after the first month and P17, 976 after the second month, for a total of P34, 776 for 2 months.
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Simple
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Compound
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Explanation:
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