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CAT Question & Answer Key Resources Grade 10 Mathematics PT and CAT Master Course (Entered in Quill)

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Steven has $500 to invest in a mutual fund. At the end of each year, the fund pays Steven an annual interest and deposits the amount into his fund. Below is a table showing the amounts in Steven's mutual fund for the first five years. Given the rate of interest stays the same from year to year, in how many years will Steven have doubled his investment.


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