Garza Newton
11/02/2023 · High School
Assume the cost of a gallon of milk is \( \$ 3.50 \). With continuous compounding, find the time it would take the cost to be 3 times as much (to the nearest tenth of a year), at an annual inflation rate of \( 6 \% \). A. 18.31 years
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The time for the milk cost to triple is about 18.3 years.
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