Money invested at x%, compounded annually, triples in value in approximately every 112/x years. If $1500 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) $13,500
D) $15,000
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 $1500 triples to $4500, in 28 years, it will again triple to $4500*3=$13,500   Answer $13,500
<result>C</result>
Money invested at x%, compounded annually, triples in value in approximately every 112/x years. If $1500 is invested at a rate of 8%, compounded annually, what will be its approximate worth in 28 years?