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How long will take for to attain a wealth at the end

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Question 1: Rohit invests $ 1 every year starting from the end of the current year. If his savings earn an annual interest rate of 15%, how long will it take for him to attain a wealth of $ 20 at the end of savings period?

(A) 10 years

(B) 15 years

(C) 20 years

(D) Not feasible to achieve 20 times of investment.

Reference no: EM132558314

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