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Bob has $15,000 invested in a bank that pays 7% annually. How many years will it take for his funds to triple? 10.24 years 15.15

Bob has $15,000 invested in a bank that pays 7% annually. How many years will it take for his funds to triple?

		10.24 years
		15.15 years
		15.95 years
		16.24 years
		None of the above answers are correct

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