Is the formula for a function representing a quantity which begins at $N$ in year $t=0$ and grows at a continuous annual rate of $\frac{r}{3} \%$ given by
$f(t)=N e^{\frac{r t}{3}} ?$

Question

Quizplus · Accepted Answer

The formula should be $f(t) = N e^{\frac{r t}{300}}$ because the rate $\frac{r}{3}\%$ needs to be converted to a decimal by dividing by 100.

Is the Formula for a Function Representing a Quantity Which NNN

Is the Formula for a Function Representing a Quantity Which $N$