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

Question 297

Multiple Choice

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 A=5,300e0.045t\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

Correct Answer:

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