Multiple Choice
Solve the problem.
-How long will it take for $5100 to grow to $5300 at an interest rate of 4.4% if the interest is compounded continuously? Round the number of years to the nearest hundredth.
A) 0.87 yr
B) 0.09 yr
C) 87.42 yr
D) 0.03 yr
Correct Answer:
Verified
Correct Answer:
Verified
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