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28 October, 23:47

Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn, determine how many years it will take for the account to contain $3,000.

A) 4 years

B) 7 years

C) 11 years

D) 14 years

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Answers (1)
  1. 29 October, 02:55
    0
    The answer is C) 11 years.
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