Choose the One Alternative That Best Completes the Statement or Answers

question 384

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-Suppose the consumption of electricity grows at $6.3 \%$ per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.

• A) \(17.44 \mathrm { yr }\)
• B) \(0.17 \mathrm { yr }\)
• C) \(47.62 \mathrm { yr }\)
• D) \(1.74 \mathrm { yr }\)

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Definitions:

Loss Apportionment

The process of dividing the responsibility for financial losses among different parties, typically in accordance with their fault or liability.

Frustration Availability

Refers to situations where the doctrine of frustration can be applied to release parties from their contractual obligations.

Costly Performance

Refers to situations where fulfilling the terms of a contract or agreement involves significant expense.

Government Policy

A deliberate plan of action or inaction chosen by public authorities to address a given problem or interrelated set of problems.