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Mathematics, 23.03.2021 01:00 juniorcehand04

Alan deposited $300 in an account that pays 6% interest compounded continuously. Approximately how long will it

take for Alan's money to triple?

(Use the formula A = Pe^rt where A is the accumulated amount, P is the initial amount, r is the annual rate of interest, and t is the elapsed time in years.)

A - 7.95 years

B - 11.55 years

C - 18.31 years

D - 23.10 years

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Answers: 2

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Alan deposited $300 in an account that pays 6% interest compounded continuously. Approximately how...
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