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$5500 Is Invested in an Account at Interest Rate R,compounded r=0.0540r = 0.0540

Question 50

Multiple Choice

$5500 is invested in an account at interest rate r,compounded continuously.Find the time required for the amount to double.(Approximate the result to two decimal places. ) ​ r=0.0540r = 0.0540 ​


A) 13.84 yr
B) 10.84 yr
C) 12.84 yr
D) 11.84 yr
E) 14.84 yr

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