Solve the problem.The value of a particular investment follows a pattern of exponential growth. You invested money in a money market account. The value of your investment t years after your initial investment is given by the exponential growth model A = 4900e0.047t. By what percentage is the account increasing each year?
A. 5.3%
B. 4.9%
C. 4.7%
D. 0.47%
Answer: C
Mathematics
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