Question: Stefan cashed a $1956 simple interest CSB with an annual rate of 5%. He received $803 in interest during the time he held the

Stefan cashed a $1956 simple interest CSB with an annual rate of

Stefan cashed a $1956 simple interest CSB with an annual rate of 5%. He received $803 in interest during the time he held the bond. How long did he hold the bond in years? Round your answer to 1 decimal place. For instance if it is 10.231 years then your answer would be 10.2 years.

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