The formula $$ A(t)=12,000 e^{(0.04) t} $$ 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

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In the formula $$ A(t) = 12,000 e^{0.04t} $$:

- **$$ A(t) $$** represents the amount of money after time $$ t $$.
- **12,000** is the initial investment (principal).
- **0.04** is the annual interest rate (4%).
- **$$ t $$** stands for the time the money is invested or grows.

**Therefore, $$ t $$ represents the number of years since the initial investment.**

**Answer:** A the number of years since the initial investment
$$ t $$ stands for the number of years since the initial investment.

The formula models the growth of an
investment due to continuously compounded interest.
What does stand for?
A the number of years since the initial investment
B the amount after years
C the initial amount invested
D the interest rate

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The formula models the growth of an investment due to continuously compounded interest. What does stand for? A the number of years since the initial investment B the amount after years C the initial amount invested D the interest rate