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SAT
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Math
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Problem solving and Data Analysis
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Q)
Max invest
$
P
in a bank where amount compounds annually at the rate of
r
%
. If he plans to invest for
t
years, the amount he will get after
t
years is
A
=
P
(
1
+
r
100
)
t
. In how many years will his amount double ?
(
a
)
10
y
e
a
r
s
(
b
)
10.5
y
e
a
r
s
(
c
)
12
y
e
a
r
s
(
d
)
12.5
y
e
a
r
s
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