Solve the Problem. -Suppose the Consumption of Electricity Grows at 5.8% Per Year

question 291

Multiple Choice

Solve the problem.
-Suppose the consumption of electricity grows at 5.8% per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.

• A) 1.89 yr
• B) 18.94 yr
• C) 51.72 yr
• D) 0.19 yr

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