Mathematics, 28.02.2021 09:20, jadabugs8187

Anita and Sarah both opened savings accounts with a starting balance of ₹20,000 on the same day. Anita’s bank is paying her using compound interest, but Sarah’s bank is paying her using simple interest. Both Anita and Sarah are receiving an interest rate of 10% annually. Who do you think will have more balance in two years? Explain your answer with proper steps.

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Anita and Sarah both opened savings accounts with a starting balance of ₹20,000 on the same day. Ani...