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OpenStudy (x__hazel__x):
Village Bank offers 5% simple interest on deposits. Central Bank offers 4% interest compounded annually. Marta deposits $8000 in Village Bank and Lucas deposits $8000 in Central Bank. What is the difference in final balances for Marta and Lucas at the end of 3 years? A. $80.00 B. $201.09 C. $262.09 D. $301.00
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