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(Choose 1 answer)
(20609)Time to attain goal: Elegant Designers have generated sales of $625,000 for the current year. If they can grow their sales at a rate of 12 percent every year, how long will they take to triple their sales? (Roundoff to the nearest year.)
A. 8 years
B. 7 years
C. 10 years
D. 9 years