For Accounts Where Interest Is Compounded Continuously, the Amount a Accumulated

Multiple Choice

For accounts where interest is compounded continuously, the amount A accumulated or due depends on the principal p, interest rate r and the time t in years according to the formula A = pe^rt. Find t given A = $9023, p = $3500, and r = 5%. Round your answer to the nearest tenth.

A) 18.7 years
B) 18.8 years
C) 18.9 years
D) 19.0 years