Question: 1 . 1 Indicate the difference between simple interest and compounded interest. 1 . 2 Mr Omar wants to make an investment of R 1

1.1 Indicate the difference between simple interest and compounded interest.
1.2 Mr Omar wants to make an investment of R125000 in one on the well-known banks in South Africa. He then approaches three banks (Bank A, Bank B and Bank C) which offered him different investment options.
1.1 Indicate the difference between simple interest and compounded interest. 1.2

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