Find the Time (In Years) Necessary for 1,000 to Double

question 3

Multiple Choice

Find the time (in years) necessary for 1,000 to double if it is invested at a rate 6% compounded continuously.Round your answer to two decimal places.

• A)1.16 years
• B)11.55 years
• C)1.39 years
• D)11.90 years
• E)11.58 years

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Definitions:

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