Multiple Choice
Solve the problem.
-How long will it take for $3000 to grow to $38,800 at an interest rate of 6.2% if the interest is compounded continuously? Round the number of years to the nearest hundredth.
A) 41.29 yr
B) 0.41 yr
C) 4128.72 yr
D) 4.13 yr
Correct Answer:
Verified
Correct Answer:
Verified
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