Multiple Choice
The price of gold has gone from $250 an ounce to approximately $1,600. Given an annual growth rate of 8.04%, how long did it take gold to reach its highest value?
A) 27 years
B) 26 years
C) 25 years
D) 24 years
E) 23 years
Correct Answer:
Verified
Correct Answer:
Verified
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