word problem library

Question

The number o books in a small library increase according to the function B=6,700e^0.03t, where t is the measure of years. How many books will the library have after 2 year(s)?

 

a) 7,693

b) 7,114

c)18.850

d) 8,186

 

Answer 1

This is problem similar to continuously compounded interest.  It's a simple function where t is the independent variable and B the dependent variable.  It's just a matter of plugging in two years.