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OpenStudy (anonymous):
Your grandmother deposits $500 into a savings account for you to access when you get older. The account carries a 4% simple annual interest rate. If you want to let the balance grow until it is worth $700 , how many years must you wait?
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OpenStudy (anonymous):
Wait for ten years, my friend.
OpenStudy (anonymous):
what
OpenStudy (anonymous):
The answer is 10 years...:)
OpenStudy (anonymous):
thanks
OpenStudy (anonymous):
Welcome
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