Solve. -Suppose the Consumption of Electricity Grows at 4.2% Per Year

question 94

Multiple Choice

Solve.
-Suppose the consumption of electricity grows at 4.2% per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.

• A) 0.26
• B) 71.43
• C) 26.16
• D) 2.62

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