Solve the problem.
-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 A $\mathrm { A } = 5,300 \mathrm { e } ^ { 0.045 \mathrm { t } }$ . How much did you initially invest in the account?
A) $2,650.00
B) $5,543.95
C) $238.50
D) $5,300.00

Question

Quizplus · Accepted Answer

To find the initial investment, set $t = 0$ in the given formula $A = 5300e^{0.045t}$. This simplifies to $A = 5300e^0 = 5300$, since $e^0 = 1$.

Solve the Problem A=5,300e0.045t\mathrm { A } = 5,300 \mathrm { e } ^ { 0.045 \mathrm { t } }A=5,300e0.045t

Solve the Problem $\mathrm { A } = 5,300 \mathrm { e } ^ { 0.045 \mathrm { t } }$