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Approximately How Long Will It Take an Investment Of $300\$ 300

Question 28

Multiple Choice

Approximately how long will it take an investment of $300\$ 300 to triple, if the interest rate is 3.5%3.5 \% Per year compounded continuously?


A) 3.5 years 3.5 \text { years }
B) 21 years 21 \text { years }
C) 13 years 13 \text { years }
D) 31 years 31 \text { years }
E) 9 years 9 \text { years }

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