Multiple Choice
Some time ago, Julie purchased eleven acres of land costing $36,900. Today, that land is valued at $214,800. How long has she owned this land if the price of the land has been increasing at 10.5 percent per year?
A) 13.33 years
B) 16.98 years
C) 17.64 years
D) 19.29 years
E) 21.08 years
Correct Answer:
Verified
Correct Answer:
Verified
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