$2500 Is Invested in an Account at Interest Rate R

question 30

Multiple Choice

$2500 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.) ​ ​

• A)13.55 yr
• B)10.55 yr
• C)12.55 yr
• D)9.55 yr
• E)11.55 yr

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Definitions:

Parent-Sub Merger

is a type of corporate merger where the parent company merges with its subsidiary, resulting in the subsidiary becoming part of the parent company.

Subsidiary's Stock

Shares representing ownership in a company that is owned or controlled by another entity, often referred to as the parent company.

Appraisal Rights

The legal right of a company's minority shareholders to have their shares appraised and to receive monetary compensation in the event of certain corporate actions, like mergers.

Dissenting Shareholders

Shareholders who do not agree with certain corporate actions, such as mergers or acquisitions, and are legally entitled to be bought out by the corporation under specific conditions.