CBG pays 10 percent per annum simple interest on its savings account balances, GCB pays 8 percent interest compounded annually whereas DB pays 7 percent interest compounded quarterly. If you made a GHȼ5,000 deposit in each bank, how much more or less money would you earn from DB account than : i. CBG account at the end of 10 years? ii. GCB account at the end of 10 years?

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Q: None

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