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Bob invests 6 0 0 EUR in a bank that offers a rate of 2 . 7 5 % compounded annually. The interest is added
Bob invests EUR in a bank that offers a rate of compounded annually. The interest is
added on at the end of each year.
a Calculate how much money Bob has in the bank after years.
b Calculate the number of years it will take for the investment to double.
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