You deposit $500 in an investment account. The rate of growth is 6% a year. If you make no further deposits or withdrawals, and the investment is allowed to grow uninhibited, how long will it take for your investment to reach $1,500? Round to the nearest tenth.
A. 18.3 years
B. 45.1 years
C. 27.6 years
D. 8.0 years