The price of gold has gone from $250 an ounce to approximately $1,600. Given an annual growth rate of 8.04%, how long did it take gold to reach its highest value?
A) 27 years
B) 26 years
C) 25 years
D) 24 years
E) 23 years

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The Answer of The price of gold has gone from $250 an ounce to approximately $1,600. Given an annual growth rate of 8.04%, how long did it take gold to reach its highest value?
A) 27 years
B) 26 years
C) 25 years
D) 24 years
E) 23 years

The Price of Gold Has Gone from $250 an Ounce