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Can you help me answer the following question: An account pays simple interest as follows: 6% for the first 60 days 3% thereafter. a) An
Can you help me answer the following question:
An account pays simple interest as follows: 6% for the first 60 days 3% thereafter. a) An individual who deposited 100 in his account got back 102. How long did his investment last? b) Another individual made a similar investment in an account paying a constant interest rate t. What is the value of t?
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