Mathematics, 05.05.2020 04:46 olivya2005d

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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The expression 1e^0.034^t models the balance, in thousands of dollars, where t represents time in ye...

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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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Another question on Mathematics

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?