How long would it take R50 000 invested today at a simple interest rate of 6.25% p.a. to reach an investment goal of R80 000 . A Approximately 7.6 years B Approximately 9.6 years C Approximately 8.7 years D Approximately 11.5 years Question 22 (4 marks) How long would it take R50 000 invested today at a compounding interest rate of 6.25% p.a. to reach an investment goal of R80 000. A Approximately 8.6 years B Approximately 6.7 years C Approximately 7.1 years D Approximately 7.8 years