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| rev | Admin | (Created page with "'''Solution: B''' With simple interest, the deposit in Bank X earns 1000(0.07) = 70 in year 8. With compound interest, the earning in Bank Y in year 8 is <math display = "block"> 1000(1.0125)^{32}-1000(1.0125)^{28}=72.14. </math> The absolute difference is 2.14. {{soacopyright | 2023 }}") | Nov 17'23 at 23:03 | +291 |