ECONOMICS (CBSE/UGC NET)

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ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Jose deposits $1200 into an account that earns 4.5% interest. He earns $270 in interest. How long was his money deposited for?
A
5 years
B
4.4 years
C
20 years
D
6.6 years
Explanation: 
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