For Accounts Where Interest Is Compounded Continuously, the Amount a Accumulated

question 64

Multiple Choice

For accounts where interest is compounded continuously, the amount A accumulated or due depends on the principal p, interest rate r and the time t in years according to the formula A = pe^rt. How long would it take $4000 to double if it were invested at 4.5%? Round your answer to the nearest tenth of a percent.

• A) 15.1 years
• B) 15.2 years
• C) 15.3 years
• D) 15.4 years

---

Definitions:

Policy Advocacy

The active, intentional efforts to influence policy decisions and political processes to achieve specific outcomes.

Powerless Groups

Communities or demographic groups that lack political or economic power and representation in society.

Clinicians

Healthcare professionals involved in the direct care and treatment of patients.

Medicaid

A government-funded program in the United States that provides health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.