A certain amount invested at a certain rate, compounded annually, grows to an amount in five years, which is a factor of 1.1881 more than to what it would have grown in three years. What is the rate percentage?

A certain amount invested at a certain rate, compounded annually, grow

1.	A certain amount invested at a certain rate, compounded annually, grows to an amount in five years, which is a factor of 1.1881 more than to what it would have grown in three years. What is the rate percentage?
A.	9.2
B.	9
C.	8.1
D.	8
Answer» C. 8.1

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A certain amount invested at a certain rate, compounded annually, grows to an amount in five years, which is a factor of 1.1881 more than to what it would have grown in three years. What is the rate percentage?

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