Three years ago, Robert invested $13,600.00. Today, he has $16,200.00. If Robert earns the same annual rate implied from the past and current values of his investment, then in how many years from today does he expect to have exactly $24,800.00

 

16.65 years (plus or minus 0.05 years)

9.54 years (plus or minus 0.05 years)

10.30 years (plus or minus 0.05 years)

7.30 years (plus or minus 0.05 years)

None of the above is within .05 percentage points of the correct answer