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26 April, 19:40

Suppose you deposit $2,000 in a savings account that pays interest atan annual rate of 4%. If no money is added or withdrawn, determine how many years it will take for the account to contain $2,500

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  1. 26 April, 19:51
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    6 years

    Step-by-step explanation:

    2500=2000 (1+4%) ^x

    X=5,6 = > 6years since 5 years is not enough
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