Compute the return on the investment

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Reference no: EM1312374

Pedro Martinez wants to invest $25,000 in a spa that his sister is starting. He will triple his investment in six years. What is the rate of return that Pedro is being promised? (Rounded to the nearest percent.)

a) 18%

b) 20%

c) 12%

d) 25%

Reference no: EM1312374

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