APFIVE Continuous Growth Rate From Data
Assuming exponential growth of the form $$P(t)=P(0)e^{rt}$$, estimate the continuous growth rate r (per year) using the data above.
| t (years) | P(t) |
|---|---|
| 0 | 100 |
| 2 | 150 |
| 4 | 225 |
| 6 | 337.5 |
| 8 | 506.25 |
A
$$0.15$$
B
$$0.405$$
C
$$0.301$$
D
$$0.203$$
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