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You Deposit $200 in an Account That Doubles in 10

Question 22

Multiple Choice

You deposit $200 in an account that doubles in 10 years. How many years will it take the account to be reduced to its original value if it loses 25 percent per year?


A) 2.00 years
B) 2.41 years
C) 3.11 years
D) 4.00 years

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