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Solve. -Suppose the Consumption of Electricity Grows at 4.2% Per Year

Question 94

Multiple Choice

Solve.
-Suppose the consumption of electricity grows at 4.2% per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.


A) 0.26
B) 71.43
C) 26.16
D) 2.62

Correct Answer:

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