Solve the Problem $\mathrm { A } = 5200 \mathrm { e } ^ { 0.06 t }$

question 113

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 $\mathrm { A } = 5200 \mathrm { e } ^ { 0.06 t }$ . By what perce. By what percntage is the account increasing each year?

• A)6.7%
• B)6.2%
• C)6.4%
• D)6.6%

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