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

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