Multiple Choice
How long does it take for $8,000 invested at 11% annual simple interest to be worth $13,000? Round your answer to two decimal places.
A) 23.86 years
B) 56.82 years
C) 5.68 years
D) 3.50 years
E) 0.57 years
Correct Answer:
Verified
Correct Answer:
Verified
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