Multiple Choice
How long will it take $500 to triple if it is invested at 9% annual interest, compounded continuously?
A) It will take approximately 11.1 years.
B) It will take approximately 12.9 years.
C) It will take approximately 12.2 years.
D) It will take approximately 5.3 years.
E) It will take approximately 11.9 years.
Correct Answer:
Verified
Correct Answer:
Verified
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