Solve
-How Long Will It Take For $\$ 3700$ To Grow To

question 86

Multiple Choice

Solve.
-How long will it take for $\$ 3700$ to grow to $\$ 34,300$ at an interest rate of $10.3 \%$ if the interest is compounded continuously? Round the number of years to the nearest hundredth.

• A) \(0.22 \mathrm { yr }\)
• B) \(2.16 \mathrm { yr }\)
• C) \(2161.95 \mathrm { yr }\)
• D) \(21.62 \mathrm { yr }\)

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