Question

Conceptual Question: What is the rate of change in a continuous exponential model?

Answer 1

\[A = Pe^{rt}\]

Is the 'r' in the equation the only thing that's included in the 'rate of change?'
Or would we write it like \[e^r\]

Answer 2

lets say you p=200 r= 2% and t=3 years
A=200e^.02(3)

Answer 3

I know the formula, I just want to know the component that describes the rate of change.