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Solve the Problem A=8,500e0.065tA = 8,500 e ^ { 0.065 t }

Question 158

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=8,500e0.065tA = 8,500 e ^ { 0.065 t } . By what percentage is the account increasing each year?


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

Correct Answer:

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