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Solve the Problem A=1,400e0.047t\mathrm { A } = 1,400 \mathrm { e } ^ { 0.047 \mathrm { t } }

Question 348

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=1,400e0.047t\mathrm { A } = 1,400 \mathrm { e } ^ { 0.047 \mathrm { t } } . When will the account be worth $1,856?


A) 2006
B) 2005
C) 2007
D) 2008

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