Multiple Choice
How long will it take for $ 9500 to grow to $ 35,400 at an interest rate of 10.1% if the interest is compounded continuously? Round the number of years to the nearest hundredth.
A) 1.3 yr
B) 0.13 yr
C) 13.02 yr
D) 1302.4 yr
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: An investor purchased 150 shares of a
Q2: Solve for the missing value. Round to
Q3: Solve the problem. Assume that the minimum
Q5: Find the rate of interest required to
Q6: Find the payment necessary to amortize the
Q7: A bank account starts with $1,000 in
Q8: Solve the problem. Round dollar amounts to
Q9: Find the rate of interest required to
Q10: Convert the given interest rate to decimal
Q11: Find the compound interest earned. Round to