Solve the problem.Assume the cost of a gallon of milk is $2.60. With continuous compounding, find the time it would take the cost to be 4 times as much (to the nearest tenth of a year), at an annual inflation rate of 6%.
A. 35.9 years
B. 0.1 year
C. 23.1 years
D. 8.5 years
Answer: C
Mathematics
You might also like to view...
Convert the number to binary form.15 decimal
A. 111two B. 1111two C. 11110two D. 1110two
Mathematics
Evaluate the definite integral.
A. 0.0550 B. 0.0092 C. -0.0093 D. 0.0000
Mathematics
Answer the question.The table shows the number of pupils per teacher in selected states.For which states are the values not less than 16.7?
A. Texas, Wyoming, Maine, Missouri B. Alaska, Texas, Wyoming, Maine, Missouri C. Alaska, California, Idaho D. California, Idaho
Mathematics
Perform the indicated conversion within American units of length.30 in. = ft
in.
A. 1 ft 18 in. B. 2 ft 11 in. C. 2 ft 6 in. D. 6 ft 2 in.
Mathematics