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Mathematics, 25.02.2021 05:10 719729

Tim has a savings account with the bank. The bank pays him 4% per year. He has $5,000 and wonders when it will reach $5,500. When will his savings reach $5,500? If necessary, round your answer to the
nearest whole number.
Considering interest is calculated yearly, it will take Tim approximately
year(s).

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