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Banks S and T pay simple annual interest at the rates of 4 percent and 8 percent, respectively, on a one-year certificate of deposit. What is the amount of an investment in a one-year certificate of deposit at Bank T that erans the same amount of interests as an investment of $7,000 in a one-year certificate of deposit at Bank S?
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2.5.7 单利问题
2.5.7 单利问题
以上解析由 考满分老师提供。