Question: 1 . You have $ 1 0 , 0 0 0 in savings and want to decide between two investment options. Bank X is offering

1. You have $10,000 in savings and want to decide between two investment options. Bank X is offering compound interest of 5% per year, and Bank Y is offering 6% per year simple interest on a 3-year deposit. Which offer is more attractive if you wish to keep your savings in the bank for 3 years?

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