Solve the problem.If money is invested for 3 years with interest compounded annually, the future value of the investment varies directly as the cube of 1 + r, where r is the interest rate. If the future value of the investment is $9317.00 when the rate is 10%, what rate gives a future value of $8575.30? Round to the nearest whole percent.
A. 8%
B. 6%
C. 7%
D. 9%
Answer: C
Mathematics
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