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An account was opened with $1000 three years ago. Today, the account balance is $1,157.63. If the Account earns a fixed annual interest rate, how
An account was opened with $1000 three years ago. Today, the account balance is $1,157.63. If the Account earns a fixed annual interest rate, how long will it take until the account has earned a total of $225 in simple interest?
Select one: A. Between one and two more years B. Between two and three more years C. Between three and four more years D. Less than one more year. E. Between four and five more yearsStep by Step Solution
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