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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Definitions:

Compensation

A system of rewards or payments, often applied in work contexts, but also refers to psychological strategies individuals use to cover up weaknesses.

Isolation

The state of being separated from others or the feeling of being alone and unsupported.

Retirement

The period of one's life after leaving the workforce on a permanent basis, typically due to age or health issues.

Prefrontal Cortex

The part of the brain located at the front of the frontal lobe, involved in complex behaviors such as planning, decision making, and moderating social behavior.