Solve the Problem. -How Long Will It Take for the Value of an Value

question 24

Multiple Choice

Solve the problem.
-How long will it take for the value of an account to be $890 if $350 is deposited at 11% interest compounded continuously? Round your answer to the nearest hundredth.

• A) 10.41 yr
• B) 0.93 yr
• C) 9.33 yr
• D) 8.48 yr

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Definitions:

BPH

Benign Prostatic Hyperplasia, a condition in men in which the prostate gland is enlarged, causing difficulty in urination.

Diagnosed

The process of identifying a disease or condition from its symptoms and test results by a healthcare professional.

Benign Prostatic Hyperplasia

A non-cancerous enlargement of the prostate gland, commonly affecting older men.

BPH

Benign Prostatic Hyperplasia, a non-cancerous enlargement of the prostate gland that can cause urinary problems in men as they age.