Write the Word or Phrase That Best Completes Each Statement $\$ 3.00$

Write the word or phrase that best completes each statement or answers the question.
-Assume the cost of a gallon of milk is $\$ 3.00$ . With continuous compounding, find the time it would take the cost to be 5 times as much (to the nearest tenth of a year) , at an annual inflation rate of $6 \%$ .

A) $0.0 \mathrm { yr }$
B) $9.9 \mathrm { yr }$
C) $0.1 \mathrm { yr }$
D) $26.8 \mathrm { yr }$

Correct Answer:

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