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An Account Was Opened with $1,000 Three Years Ago

Question 175

Multiple Choice

An account was opened with $1,000 three years ago. Today, the account balance is $1,157.63. If the account earns simple interest, how long will it take until the account has earned a total of $225 in interest?


A) Less than one more year.
B) Between one and two more years.
C) Between two and three more years.
D) Between three and four more years.
E) Between four and five more years.

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