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Jane's investment of \(\$200\) increased by \(200\%\) in \(7\) years when compounded annually. If she wants to earn an

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Jane's investment of \(\$200\) increased by \(200\%\) in \(7\) years when compounded annually. If she wants to earn an

by M7MBA » Sat Dec 18, 2021 3:59 am

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Jane's investment of \(\$200\) increased by \(200\%\) in \(7\) years when compounded annually. If she wants to earn an additional compound interest of \(\$4800,\) for how many more years should she keep her money invested?

A. 7 years
B. 14 years
C. 21 years
D. 24 years
E. 30 years

Answer: B

Source: e-GMAT
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