Write the Word or Phrase That Best Completes Each Statement $\$ 23,000$

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-Assume the cost of a car is $\$ 23,000$ . With continuous compounding in effect, find the number of years it would take to double the cost of the car at an annual inflation rate of $6.5 \%$ . Round the answer to the nearest hundredth.

A) $154.51 \mathrm { yr }$
B) $10.66 \mathrm { yr }$
C) $1.55 \mathrm { yr }$
D) $165.18 \mathrm { yr }$