The value of a particular investment follows a pattern of exponential growth. You invested money in a money market account. The value of your investment t years after your initial investment is given by the exponential growth model A = 7300e0.066t. How much did you initially invest in the account?

asked by Nora

4 years ago

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1 answer

e^0 = 1
so at time t=0, A = 7300

answered by oobleck

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Question

The value of a particular investment follows a pattern of exponential growth. You invested money in a money market account. The value of your investment t years after your initial investment is given by the exponential growth model A = 7300e0.066t. How much did you initially invest in the account?

1 answer

e^0 = 1
so at time t=0, A = 7300

oobleck · Answer

e^0 = 1 so at time t=0, A = 7300