$3000 Is Invested in an Account at Interest Rate R $r = 0.03$

question 240

Multiple Choice

$3000 is invested in an account at interest rate r, compounded continuously.Find the time required for the amount to triple.(Approximate the result to two decimal places.) $r = 0.03$

• A)37.62 yr
• B)36.62 yr
• C)35.62 yr
• D)34.62 yr
• E)38.62 yr

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