$4500 Is Invested in an Account at Interest Rate R $r = 0.0315$

question 204

Multiple Choice

$4500 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.) $r = 0.0315$

• A)21.00 yr
• B)20.00 yr
• C)34.88 yr
• D)24.00 yr
• E)23.00 yr

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