Question: 1. Calculate the time it would take for a $7000 dollar investment to earn $1400 of simple interest at a rate of 4% per annum.

1. Calculate the time it would take for a $7000 dollar investment to earn $1400 of simple interest at a rate of 4% per annum.

2. How long does it take for an investment to triple in value if it earns 4% simple interest per year?

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