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QUESTION
Bill Payne visits his local bank to see how long it will take for $1,000 to amount to $1,900 at a simple interest rate of 12½%. Provide Bill with the solution to his problem in years.
Bill Payne visits his local bank to see how long it will take for $1,000 to amount to $1,900 at a simple interest rate of 12½%. Provide Bill with the solution to his problem in years.
