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Compute the Compound Interest $7700\$ 7700 To Grow To $27,200\$ 27,200 At an Interest Rate Of

Question 269

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Compute the compound interest.
-How long will it take for $7700\$ 7700 to grow to $27,200\$ 27,200 at an interest rate of 10.9%10.9 \% if the interest is compounded continuously? Round the number of years to the nearest hundredth.


A) 10.9yr10.9 \mathrm{yr}
B) 1157.8yr1157.8 \mathrm{yr}
C) 11.58yr11.58 \mathrm{yr}
D) 1.16yr1.16 \mathrm{yr}

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