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How long will it take for the capital to augment

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Question - The value of a placement with composed interest annually evolves in function of elapsed time since the start of a placement. We know that after a year, the value of a certain placement is 4815, and after 5 years it is 6311.48. However, we forgot what was the initial capital invested. How long will it take for the capital to augment by at least 3500?

Reference no: EM133075724

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