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QUESTION
You deposit $3,000 in a saving account that earns 8% simple interest per year. how many years will it take to double your balance? if, instead, you deposit the $3,000 in another savings account that e
You deposit $3,000 in a saving account that earns 8% simple interest per year. how many years will it take to double your balance? if, instead, you deposit the $3,000 in another savings account that earns 7% interest compounded yearly, how many years will it take to double your balance?
