Example 3(a) – Exponential Growth and Decay
{"Image DocumentName": "Example 3(a) \u2013 Exponential Growth and Decay", "Image ImageDescription": "Compound Interest. If  2,000 is invested in a mutual fund with an annual yield of 12.6% and the earnings are reinvested each month, then the future value after t years is. which can be written as 2,000( )t, so A = 2,000 and b = This is an example of exponential growth, because b \uf03e 1.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}