Approximately How Long Will It Take an Investment Of $\$ 900$

question 14

Multiple Choice

Approximately how long will it take an investment of $\$ 900$ to triple, if the interest rate is 3.75% per year compounded continuously?

• A) \(4.5 \text { years }\)
• B) \(21 \text { years }\)
• C) \(2.9 \text { years }\)
• D) \(29 \text { years }\)
• E) \(9 \text { years }\)

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