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Ann Deposited $1,000 in a Bank Account,and 10 Years Later

Question 123

Multiple Choice

Ann deposited $1,000 in a bank account,and 10 years later she closes out the account,which is worth $2,000.What annual rate of interest has she earned over the 10 years?


A) 6.45%
B) 7.18%
C) 9.10%
D) 10.0%

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