70) Assume the cost of a gallon of milk is $3.10. 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) 23.1 years 70) B) 85 years C) 01 years D) 0.0 years
70) Assume the cost of a gallon of milk is $3.10. 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) 23.1 years 70) B) 85 years C) 01 years D) 0.0 years
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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