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Ethan Has £50,000 to Invest Today at an Annual Interest

Question 83

Multiple Choice

Ethan has £50,000 to invest today at an annual interest rate of 4%. Approximately how many years will it take before the investment grows to £101,250?


A) 18 years
B) 20 years
C) 16 years
D) 11 years

Correct Answer:

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