A bank either pays simple interest as 5% p.a or compound interest as 5% p.a on deposits.

A bank either pays simple interest as 5% p.a or compound interest as 5% p.a on deposits. Nekesa deposited Ksh. P in the bank for two years on simple interest terms, if she had deposited the same amount for two years on compound interest terms, she would have earned Ksh. 210 more. Find the value of P.

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maurice.mutuku answered the question on August 23, 2019 at 10:12

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