How long (in years) would $550 have to be invested at an annual rate of 12%, compounded continuously, to amount to $1,099? Round your answer to two decimal places.
A)6.92 years
B)6.35 years
C)7.50 years
D)3.46 years
E)5.77 years

Question

How long (in years) would $550 have to be invested at an annual rate of 12%, compounded continuously, to amount to $1,099? Round your answer to two decimal places. ​
A)6.92 years
B)6.35 years
C)7.50 years
D)3.46 years
E)5.77 years

Quizplus · Accepted Answer

The Answer of How long (in years) would $550 have to be invested at an annual rate of 12%, compounded continuously, to amount to $1,099? Round your answer to two decimal places. ​
A)6.92 years
B)6.35 years
C)7.50 years
D)3.46 years
E)5.77 years

How Long (In Years) Would $550 Have to Be Invested