Approximately How Long Will It Take an Investment Of $\$ 300$

question 28

Multiple Choice

Approximately how long will it take an investment of $\$ 300$ to triple, if the interest rate is $3.5 \%$ Per year compounded continuously?

• A) \(3.5 \text { years }\)
• B) \(21 \text { years }\)
• C) \(13 \text { years }\)
• D) \(31 \text { years }\)
• E) \(9 \text { years }\)

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