Solve the Problem $\mathrm { A } = 8000 \mathrm { e } ^ { 0.045 \mathrm { t } }$

question 121

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 modelel $\mathrm { A } = 8000 \mathrm { e } ^ { 0.045 \mathrm { t } }$ . H. ow much did you initially invest in the account?

• A)$360.00
• B)$4000.00
• C)$8000.00
• D)$8368.22

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Definitions:

Ticket Revenue

The income generated through the sale of tickets for events, performances, or transportation services.

Concession Revenue

Income earned from granting the rights to operate and sell specific products or services within a venue or to a particular market.

Binding Price Floor

A minimum price set by the government above the equilibrium price, causing a surplus by preventing the market price from falling to its equilibrium level.

Excess Supply

A situation where the quantity of a good or service supplied is greater than the quantity demanded at a given price.