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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?

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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