Mathematics, 08.06.2021 23:00, tayfaulk123
The formula A(t) = 756e^(0.035)t models the growth of an investment due to continuously compounded interest. What does 0.035 stand for?
A) the numbers of years since the initial investment
B) the amount after t years
C) the initial amount invested
D) the interest rate
Answers: 1
where 
is the principal/initial value, 
is the interest rate in decimal form, and 
is the amount of time since the initial investment. In this case, 
would be an annual interest rate of 3.5% per year.
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The formula A(t) = 756e^(0.035)t models the growth of an investment due to continuously compounded i...
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