Solve the Problem

question 351

Multiple Choice

Solve the problem. Round your answer to three decimals.
-How long will it take for an investment to double in value if it earns 9.25% compounded continuously?

• A) 7.493 years
• B) 3.747 years
• C) 7.781 years
• D) 11.877 years

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Definitions:

Picasso

Pablo Picasso, a Spanish painter, sculptor, printmaker, and influential artist of the 20th century, known for co-founding the Cubist movement and for the variety of styles he explored.

Scientific Theories

Well-substantiated explanations of natural phenomena, derived from methodological research, observation, and experimentation, capable of predicting future occurrences.

Vassily Kandinsky

A Russian painter and art theorist, considered one of the pioneers of abstract art in the early 20th century.

Abstraction

The process of thought in which ideas are distanced from objects.