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Solve the Problem. -How Long Will It Take for $3600 to Grow to to Grow

Question 130

Multiple Choice

Solve the problem.
-How long will it take for $3600 to grow to $7300 at an interest rate of 2.8% if the interest is compounded continuously? Round the number of years to the nearest hundredth.


A) 2524.79 yr
B) 25.25 yr
C) 0.55 yr
D) 2.52 yr

Correct Answer:

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