Solve the problem.If Emery has $1,100 to invest at 9% per year compounded monthly, how long will it be before he has $1,400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)
A. 66.89 yrs, 2.902 yrs
B. 2.69 yrs, 2.68 yrs
C. 0.036 yrs, 0.268 yrs
D. 0.233 yrs, 0.223 yrs
Answer: B
Mathematics
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