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Choose the One Alternative That Best Completes the Statement or Answers

Question 84

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-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
) By what percentage is the account increasing each year?  growth model A=8,500e0.065t\text { growth model } \mathrm { A } = 8,500 \mathrm { e } ^ { 0.065 \mathrm { t } }


A) 6.7%
B) 7.2%
C) 7.1%
D) 6.9%

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