The exponential function that gives the relationship between y and t is:
[tex]y = 370000(1.06)^t[/tex].
An increasing exponential function is modeled by:
[tex]A(t) = A(0)(1 + r)^t[/tex]
In which:
In this problem, the parameters are given as follows:
A(0) = 370000, r = 0.06.
Hence the equation is:
[tex]y = A(0)(1 + r)^t[/tex]
[tex]y = 370000(1 + 0.06)^t[/tex]
[tex]y = 370000(1 .06)^t[/tex]
More can be learned about exponential functions at https://brainly.com/question/25537936
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