Multiple Choice
A $400 investment has doubled to $800 in six years because of a 12.25 percent return. How much longer will it take for the investment to reach $1100 if it continues to earn 12.25 percent?
A) 2.56 years
B) 2.76 years
C) 3.46 years
D) 5 years
Correct Answer:
Verified
Correct Answer:
Verified
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