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 = pert. Find t given A = $9023, p = $3500, and r = 5%. Round your answer to the nearest tenth.
A) 18.7 years
B) 18.8 years
C) 18.9 years
D) 19.0 years
Correct Answer:
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