ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jaredinvests $10, 000 in a savings account that pays 3% simple interest. How many years will it take for the accountto grow to $12, 700, if he makes no withdrawals or deposits?
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7 years
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12 years
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9 years
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22 years
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Explanation:
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