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 = 9700e^(0.059t). How much did you initially invest in the account?
Added by Linda R.
Step 1
059t means. This formula tells us that the value of the investment (A) at any given time (t) is equal to the initial investment (which we are trying to find) multiplied by e (the mathematical constant approximately equal to 2.718) raised to the power of 0.059t. Show more…
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