1. James deposits $100 into a bank account that earns an annual interest rate of 4 percent. If he does not

1. James deposits $100 into a bank account that earns an annual interest rate of 4 percent. If he

does not make any additional deposits and makes no withdrawals, how long will it take him, in
years, to increase the value of his account by at least 60 percent?
12
15
25
30


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