An initial investment of $2000 grows at an annual interest rate of 4% compounded continuously. How long will it take to double the investment?

A. 17.33 years
B. 18.33 years
C. 18.00 years
D. 17.00 years
E. 1 year


Answer: A

Mathematics

You might also like to view...

Find the greatest common factor of the numbers in the group.60, 90

A. 10 B. 30 C. 15 D. 6

Mathematics

Determine what percent of the figure is shaded.

A. 75%
B. 10%
C. 25%
D. 33%

Mathematics

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar.Depreciation per unit: $0.58Units of production: 65,000

A. $37,700 B. $11,207 C. $1121 D. $3770

Mathematics

Solve the system of equations by graphing.2x - y = 3  y = 1  

A. (1, 2) B. (2, 1) C. (-2, -1) D. no solution

Mathematics