The expression 1e^0.034^t models the balance, in thousands of dollars, where t represents time in years after an account was opened.

What does 0.034 represent in this context?

Question

Mathematics

Brenden

30 December, 14:27

The expression 1e^0.034^t models the balance, in thousands of dollars, where t represents time in years after an account was opened.

What does 0.034 represent in this context?

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Answers (1)

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Frida Monroe · Answer 1

0.034 represents the constant of proportionality.

Step-by-step explanation:

When we use exponential models to study a problem, the coefficient of the independent variable, which is time, represents the constant of proportionality.

Therefore, 0.034 represents the constant of proportionality.

The expression 1e^0.034^t models the balance, in thousands of dollars, where t represents time in years after an account was opened.What does 0.034 represent in this context?

The expression 1e^0.034^t models the balance, in thousands of dollars, where t represents time in years after an account was opened.

What does 0.034 represent in this context?