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

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

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

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Definitions:

COLA

An acronym for Cost of Living Adjustment, which is a periodic increase in wages to match or surpass increases in consumer prices.

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