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If the interest rate is 3% compounded annually, how long will it take to earn $100 interest on an initial deposit of $300? [Hint1: interest
If the interest rate is 3% compounded annually, how long will it take to earn $100 interest on an initial deposit of $300? [Hint1: interest = FV - PV. Hint2: logarithmic manipulation is very useful while solving for an exponent]
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