How do I calculate percantage of increase each year for this problem? 1600e.052t T=years after year 2000 that 1600 was invested in money market

Question

anonymous · Answer

Firstly, the general equation is:$$f(t) = 1600e^{0.052t}$$

so you're solving for T. Find the answer after you substitute the 2 given T's which are :
T= 2000 and T = 1600

After that, to know how much was the percentage increased, subtract both answers and you'll get what you're looking for ^_^

Give it a one more try :) I hinted the answer