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Write the Word or Phrase That Best Completes Each Statement 4.5%4.5 \%

Question 442

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-Suppose the consumption of electricity grows at 4.5%4.5 \% per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.


A) 66.67yr66.67 \mathrm { yr }
B) 0.24yr0.24 \mathrm { yr }
C) 2.44yr2.44 \mathrm { yr }
D) 24.41yr24.41 \mathrm { yr }

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