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How long does it take for a deposit of $40 to triple in value, that is to grow to the amount of $120 if invested
How long does it take for a deposit of $40 to triple in value, that is to grow to the amount of $120 if invested at the interest rate of 5.00%? Answer: Years Place your answer in number of years using two decimal places, meaning years and fractions of a year. In other words, 6.35 means 3 years plus 35% of a year
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