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George Has $300 in a Bank Account

Question 393

Multiple Choice

George has $300 in a bank account. Some years ago he put $213.20 into this account, and it has earned 5 percent interest every year since then. How many years ago did he open his account?


A) 4 years
B) 5 years
C) 6 years
D) 7 years

Correct Answer:

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