Multiple Choice
Solve the problem.
-How long will it take for $3000 to grow to $22,600 at an interest rate of 3.1% if the interest is compounded continuously? Round the number of years to the nearest hundredth.
A) 6.51 yr
B) 65.14 yr
C) 0.65 yr
D) 6513.99 yr
Correct Answer:
Verified
Correct Answer:
Verified
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