Multiple Choice
Using an annual interest rate of 9%, how long will it take a deposit of $1,000 to grow to $3,000, assuming no additional deposits are made?
A) 8.04 years
B) 10.00 years
C) 11.11 years
D) 12.75 years
E) 13.50 years
Correct Answer:
Verified
Correct Answer:
Verified
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