9) How long will it take an investment of $100 to become worth $300 if it is growing at a continuous rate of 2% per year?

A- 54 years

B- 54.93 years

C- 52.5 years

D- 55.48 years

10) How long will it take an investment of $100 to become worth $300 if it is growing at a rate of 2% per year compounded annually?

A- 52.5 years

B- 54.93 years

C- 55.48 years

D- 54 years