Solve
-The Value of a Particular Investment Follows a Pattern $\mathrm { A } = 2000 \mathrm { e } ^ { 0.048 \mathrm { t } }$

question 45

Multiple Choice

Solve.
-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 $\mathrm { A } = 2000 \mathrm { e } ^ { 0.048 \mathrm { t } }$ . By what percentage is the account increasing each year?

• A) \(4.8 \%\)
• B) \(5.1 \%\)
• C) \(5.3 \%\)
• D) \(5.4 \%\)

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