Question:

An account paying 5.25% interest compounded continuously,

Last updated: 7/13/2022

An account paying 5.25% interest compounded continuously,

An account paying 5.25% interest compounded continuously, which originally held $4,000, is now worth $5,000. How many years ago was the account started? (A) 4.250 years (B) 4.309 years (C) 4.361 years (D) 4.476 years