Suppose the Consumption of Electricity Grows at 4

question 288

Multiple Choice

Suppose the consumption of electricity grows at 4.4% per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.

• A) 0.25 yr
• B) 68.18 yr
• C) 2.50 yr
• D) 24.97 yr

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