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At the beginning of January 2003, Elizabeth invested money in an account that collected interest, compounding more frequently than a year. Assume the annual percentage rate of interest remained constant. What is the total amount she has invested after seven years?

Statement #1: her initial investment was $20,000

Statement #2: the account accrued 7% annual interest
  • AStatement 1 ALONE is sufficient to answer the question, but statement 2 alone is NOT sufficient.
  • BStatement 2 ALONE is sufficient to answer the question, but statement 1 alone is NOT sufficient.
  • CBOTH statements 1 and 2 TOGETHER are sufficient to answer the question, but NEITHER statement ALONE is sufficient.
  • DEach statement ALONE is sufficient to answer the question.
  • EStatement 1 and 2 TOGETHER are NOT sufficient to answer the question.
显示答案
正确答案: E

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