Computation of return on the investment, Finance Basics

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Computation of return on the investment

Question: Pedro Martinez wants to invest 25,000 dollars in a spa that his sister is starting. He will triple his investment in next 6 years. Compute the rate of return that Pedro is being promised? [give your answer to the nearest percent.]

[A] 12%

[C] 25%

[D] 18%

[E] 20%

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Finance Basics: Computation of return on the investment

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Finance Basics: Computation of return on the investment

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