Question

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 $A = 7900 e^{0.056t}$. When will the account be worth $12,365?

          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 $A = 7900 e^{0.056t}$. When will the
account be worth $12,365?

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 A = 7900 e^0.056t. When will the
account be worth 12,365?

Added by Brian G.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Khushbu Rani

07/22/2023

Step 1

056t}$$ We want to find the time (t) when the account will be worth $12,365. So, we can set A equal to 12,365 and solve for t: $$12,365 = 7900e^{0.056t}$$ To solve for t, we can first divide both sides by 7900: $$\frac{12,365}{7900} = e^{0.056t}$$ Now, we can Show more…

Show all steps