Solve.
-The value of a particular investment follows a pattern of exponential growth. In the year 2000 , you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential growth model $\mathrm { A } = 2000 \mathrm { e } ^ { 0.048 \mathrm { t } }$. By what percentage is the account increasing each year?
A) $4.8 \%$
B) $5.1 \%$
C) $5.3 \%$
D) $5.4 \%$

Question

Quizplus · Accepted Answer

The account is increasing each year by the rate in the exponent of the exponential growth model, which is $0.048$ or $4.8\%$.

Solve -The Value of a Particular Investment Follows a Pattern A=2000e0.048t\mathrm { A } = 2000 \mathrm { e } ^ { 0.048 \mathrm { t } }A=2000e0.048t

Solve
-The Value of a Particular Investment Follows a Pattern $\mathrm { A } = 2000 \mathrm { e } ^ { 0.048 \mathrm { t } }$