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$3000 Is Invested in an Account at Interest Rate R r=0.03r = 0.03

Question 240

Multiple Choice

$3000 is invested in an account at interest rate r, compounded continuously.Find the time required for the amount to triple.(Approximate the result to two decimal places.) r=0.03r = 0.03


A) 37.62 yr
B) 36.62 yr
C) 35.62 yr
D) 34.62 yr
E) 38.62 yr

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