How Long Would It Take $5000 to Grow to $25,000

question 184

Multiple Choice

How long would it take $5000 to grow to $25,000 at 9% compounded continuously? Round your answer to the nearest tenth of a year.

• A) 18.4 years
• B) 17.9 years
• C) 19.4 years
• D) 18.1 years

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Definitions:

Mutation

A mutation is a change in the DNA sequence within an organism's gene or chromosome, leading to variation.

Development

The process through which organisms grow and mature, involving changes in size, shape, and function over time.

Serous Membranes

Thin tissues that line certain internal cavities of the body, secreting a serous fluid to lubricate the organs and reduce friction.

Areolar Tissue

A type of loose connective tissue that provides cushioning and support to the structures it surrounds.