Solve. -Assume the Cost of a Car Is $17,000. with Continuous

question 212

Multiple Choice

Solve.
-Assume the cost of a car is $17,000. With continuous compounding in effect,find the number of years it would take to double the cost of the car at an annual inflation rate of 7.9%. Round the answer to the nearest hundredth.

• A) 132.08
• B) 123.30
• C) 1.23
• D) 8.77

---

Definitions:

Language

A system of symbols and rules used for communication, including spoken, written, or signed forms of expressing thoughts and emotions.

Symbolic

Representing something other than itself, often through an association, resemblance, or convention, particularly in literature and art.

Cross-Cultural

Pertaining to or comparing two or more cultures, investigating differences and similarities among them.

Language

A system of symbols and rules used for communication, including spoken, written, or signed forms.