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Bank A pays 10% compounded annually, and bank B pays 10% simple interest. If you want to triple your investment, compared to save the money
Bank A pays 10% compounded annually, and bank B pays 10% simple interest. If you want to triple your investment, compared to save the money in bank A, how many more years will you take if you save the money in bank B?
a. 5.8
b. 7.8
c. 8.5
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