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How many years will it take for an investment of $1,000 to grow to $1,500 if the annual simple interest rate is 12%? Select one:

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How many years will it take for an investment of $1,000 to grow to $1,500 if the annual simple interest rate is 12%? Select one: O a. 40.88 years O b. 43.96 years C. 4734 years O d. 41.67 years O e. 47.88 years

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