the formula $a(t)=12,000e^{(0.04)t}$ models the growth of an investment due to continuously compounded…

the formula $a(t)=12,000e^{(0.04)t}$ models the growth of an investment due to continuously compounded interest. what does $t$ stand for? a the number of years since the initial investment b the amount after $t$ years c the initial amount invested d the interest rate

the formula $a(t)=12,000e^{(0.04)t}$ models the growth of an investment due to continuously compounded interest. what does $t$ stand for? a the number of years since the initial investment b the amount after $t$ years c the initial amount invested d the interest rate

Answer

Answer:

A. the number of years since the initial investment

Brief Explanation:

In the continuous - compounding interest formula $A(t)=Pe^{rt}$ (where $P$ is the principal amount, $r$ is the annual interest rate, and $A(t)$ is the amount of money after $t$ years), $t$ represents the time elapsed since the initial investment, which is the number of years since the initial investment.