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 Answer: D