Is the formula for a function representing a quantity which begins at an amount $35 \%$ larger than $N$ in year $t=0$ and grows at a continuous annual rate of $r \%$ given by $f(t)=1.35 N e^{r t /100}$ ?

Question

Quizplus · Accepted Answer

The initial amount is $1.35N$, and the continuous growth formula is $f(t) = P e^{rt}$, where $P$ is the initial amount. Here, $P = 1.35N$, and $r$ is expressed as a percentage, so it is divided by 100.

Is the Formula for a Function Representing a Quantity Which 35%35 \%35%

Is the Formula for a Function Representing a Quantity Which $35 \%$