An amount invested in a savings scheme is growing as A(t) = 5000 e0.075 t where A(t) is in dollars and t in years. a) Find the rate at which the amount A(t) is growing after 3 years. b) When will the amount be $7275?

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An amount invested in a savings scheme is growing as A(t) = 5000 e0.075t where A(t) is in
dollars and t in years.
a)
Find the rate at which the amount A(t) is growing after 3 years.
b)
When will the amount be $7275?
Transcribed Image Text:An amount invested in a savings scheme is growing as A(t) = 5000 e0.075t where A(t) is in dollars and t in years. a) Find the rate at which the amount A(t) is growing after 3 years. b) When will the amount be $7275?
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