Write the Word or Phrase That Best Completes Each Statement $4.5 \%$

question 442

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-Suppose the consumption of electricity grows at $4.5 \%$ per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.

• A) \(66.67 \mathrm { yr }\)
• B) \(0.24 \mathrm { yr }\)
• C) \(2.44 \mathrm { yr }\)
• D) \(24.41 \mathrm { yr }\)

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