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If $4,000 Is Invested at an Annual Rate of 8

Question 30

Multiple Choice

If $4,000 is invested at an annual rate of 8% compounded continuously, the future value S at any time t (in years) is given by If $4,000 is invested at an annual rate of 8% compounded continuously, the future value S at any time t (in years) is given by . How long does it take for the investment to double? Round your answer to one decimal place. ​ A) 8.7years B) 6.9 years C) 7.9 years D) 10.2 years E) 11.3 years . How long does it take for the investment to double? Round your answer to one decimal place. ​


A) 8.7years
B) 6.9 years
C) 7.9 years
D) 10.2 years
E) 11.3 years

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