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

question 58

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.) $r = 0.0540$

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

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Definitions:

Proposition

A statement or assertion that expresses a judgement or opinion that can be either true or false.

Connective

In logic and philosophy, a term or operator that connects two propositions or parts of a proposition, such as "and", "or", and "not".

Proposition

A statement that can either be true or false, used in logic to construct arguments or prove theories.

Connective

In logic and grammar, a word or expression that connects clauses or sentences, or the component that links elements within a proposition.