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14-07-2021
Business

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how many years will be required for a given sum of money to triple, if it is deposited in a bank account that pays 6% per year compound annualy

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Advice4 Advice4

14-07-2021

Answer:

19 years

Explanation:

the 19th year your money will triple and be worth 3.0256 times the original sum.

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