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11. Deposit account earns simple interest of 12% annually. After how many years will the effective rate of interest decline to 7%?* (2 Points) O

11. Deposit account earns simple interest of 12% annually. After how many years will the effective rate of interest decline to 7%?* (2 Points) O 5.95 years 0 6.95 years 0 4.95 years 0 7.95 years O non of the above

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