Solve the problem.Assume the cost of a car is $27,000. 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 9.1%. Round the answer to the nearest hundredth.
A. 112.13 yr
B. 7.62 yr
C. 119.74 yr
D. 1.12 yr
Answer: B
Mathematics
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