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If your bank pays you 3 interest rate annually on your

If your bank pays you 3% interest rate annually on your deposit, how long does it take your deposit to triple?

Question options:

a) Shorter than 15 years

b) Longer than 15 years, but less than 30 years

c) Longer than 30 years, but less than 40 years

d) Longer than 40 years

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Finance Basics: If your bank pays you 3 interest rate annually on your

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