College Algebra Quiz
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EXPONENTIAL & LOGARITHMIC FUNCTIONS
Question 1
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A savings account has
P
(
t
)
=
2500
e
0.03
t
P(t)=2500e^{0.03t}
P
(
t
)
=
2500
e
0.03
t
(t in years); when does it reach
5000
5000
5000
?
A
t
≈
11.6
t\approx 11.6
t
≈
11.6
years
B
t
≈
23.1
t\approx 23.1
t
≈
23.1
years
C
t
≈
17.3
t\approx 17.3
t
≈
17.3
years
D
t
≈
5.78
t\approx 5.78
t
≈
5.78
years
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