SOLUTION: 1. 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 year

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: 1. 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 year      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1031612: 1. 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=7800e^0.056t. How much did you initially invest in the account?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
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=7800e^0.056t. How much did you initially invest in the account?
----------------------
Ans: $7800
-------------
Cheers,
Stan H.
-------------