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In the exponential growth equation Nt = N0e^rt, e represents:

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In the exponential growth equation

Nt = N0ert, e represents:

(1) The base of number logarithms

(2) The base of exponential logarithms

(3) The base of natural logarithms

(4) The base of geometric logarithms

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Correct answer: (3) The base of natural logarithms

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