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Janice has $5,000 invested in a bank that pays 11.6% annually. How long will it take for her funds to triple? Group of answer choices

Janice has $5,000 invested in a bank that pays 11.6% annually. How long will it take for her funds to triple?

Group of answer choices

11.41 years

9.81 years

9.41 years

11.31 years

10.01 years

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