Answer:
C. A = 1.023 and B = 12
Step-by-step explanation:
We are given ,
The expression representing the number of active members after t years is,
[tex]400,000(1.32)^t[/tex]
i.e. [tex]400,000(1+0.32)^t[/tex]
So, the expression showing the number of active members monthly;y is,
[tex]400,000(1+\frac{0.32}{12})^{12t}[/tex]
i.e. [tex]400,000(1.023)^{12t}[/tex]
Now, the monthly growth rate is modeled by the expression [tex]A^{bt}[/tex].
On comparing the expression, we get that,
A= 1.023
B= 12
Thus, option C is correct.