Multiple Choice
How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of 8.08% compounded quarterly (give your final answer in years and months, e.g., 3 years and 7.23 months) ?
A) 7 years 7.69 months
B) 4 years .64 months
C) 3 years 4.79 months
D) 4 years 3.84 months
E) 8 years 1.69 months
Correct Answer:

Verified
Correct Answer:
Verified
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