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Worksheet: Solving Word Problems on Exponential Inequalities with Base e

Q1:

Benjamin invested $ 2 8 0 0 at 3 . 2 % interest compounded continuously. After how many years and months will the value of his investment be doubled?

  • A 2 years and 2 months
  • B 21 years and 7 months
  • C 2 years and 1 month
  • D 21 years and 8 months
  • E 21 years and 6 months