Solve the problem.How long will it take for $2400 to grow to $33,400 at an interest rate of 7.4% if the interest is compounded continuously? Round the number of years to the nearest hundredth.

A. 3.56 yr
B. 7.4 yr
C. 35.58 yr
D. 3558.23 yr


Answer: C

Mathematics

You might also like to view...

Answer the following statement(s) true (T) or false (F)

Geoboards are not helpful for determining the areas of non-rectangular objects.

Mathematics

Solve the equation after making an appropriate substitution.x2/3 + 2x1/3 - 8 = 0

A. {-4, 2} B. {-2, 4} C. {-8, 64} D. {-64, 8}

Mathematics

Perform the indicated operation and write the answer in lowest terms. +  - 

A. 1
B.
C.
D.

Mathematics

Write the equation in logarithmic form.125-1/3 = 

A. log1/5125 = - 
B. log125 = 
C. log-1/3125 = 
D. log125 = - 

Mathematics