Money invested at x%, compounded annually, triples in value in approximately every 112/x years. If $2000 is invested at a rate of 8%, compounded annually, what will be its approximate worth in 28 years? Choose the correct choice from the following answers: A) $3,750 B) $5,600 C) $8,100 D) $18,000 E) $22,500
x=8%   112/x years=112/8= 
<gadget id="calculator">112/8</gadget>
<output>14</output>
14 years   Now, money triples every 14 years   Therefore, in 14 yrs , if $2000 triples to $6000, in 28 years, it will again triple to $6000*3=$18,000   Answer $18,000
<result>D</result>
Money invested at x%, compounded annually, triples in value in approximately every 112/x years. If $2000 is invested at a rate of 8%, compounded annually, what will be its approximate worth in 28 years?