Question 999040
{{{f(0)=2600*e^0=2600*1=2609}}}
{{{f(1)=2600*e^(0.033*1)=2600*e^0.33}}}
The ratio is {{{f(1)/f(0)=e^0.033=1.0336="103.36%"}}}
So after one year, the investement grew to {{{"103.36%"}}} of the original investment.
The percent change over 1 year (the APY) was {{{"103.36%"-"100%"="3.36%"}}} .
After 10 years,
{{{f(10)=2600*e^(0.033*10)=e^0.33=about139.10="139.10%"}}}
The percent increase over the 10 years is
{{{"139.10%"-"100%"="39.10%"}}}