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12 May, 09:23

Terrance has $100 that he can invest in a savings account. His bank is willing to pay interest to his account at a rate of 0.04. How long will Terrance need to leave the money in the account if he wants to earn $100 in interest, doubling his money?

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  1. 12 May, 12:25
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    25 years

    Explanation:

    4% of 100 is $4, $4 times 25 is $100
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