Multiple Choice
Raymond has an investment of $25 000 now,and in three years it will mature and pay Raymond $32 000.What is the approximate annual interest rate he will receive?
A) 9) 3 percent
B) 8) 6 percent
C) 8) 9 percent
D) Insufficient information to calculate this question
Correct Answer:
Verified
Correct Answer:
Verified
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