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# Applications of Logarithms - 2,500 Invested

ALGEBR-EKG9XD

If 2,500 dollars is invested at an interest rate of $6.5\%$, compounded monthly,
how long will it take for the value of the investment to reach 7,500 dollars?

A

7 years

B

12 years

C

17 years

D

22 years