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Solve the Problem. -If $3000 Is Invested in an Account That Pays Interest

Question 106

Multiple Choice

Solve the problem.
-If $3000 is invested in an account that pays interest compounded continuously, how long will it take to grow to $9000 at 7%? Round to the nearest tenth.


A) 17.3 years
B) 10.0 years
C) 15.7 years
D) 7.7 years

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