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

Question

Orlov [11]

4 years ago

10

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

ned.
What does 0.034 represent in this context?

Mathematics

1 answer:

Dmitrij [34] · Answer 1 · 2022-01-23T18:13:04+03:00

Answer:

<h2>0.034 represents the constant of proportionality.</h2>

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.