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Alina invested R155 000 today and expects to have R361 000 after a 16 year investment term. Calculate the interest rate earned over the term

Alina invested R155 000 today and expects to have R361 000 after a 16 year investment term. Calculate the interest rate earned over the term of the investment.

A. 5.43%

B. 6.23%

C. Not enough information to calculate

D. 6.99%

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