Respuesta :
This is an exponential growth problem. Exponential growth can be expressed mathematically in the following way:
[tex]y=a (1+r)^{t} [/tex].
Parameter a presents initial amount.
Parameter r is percentage increase.
Parameter t is time.
An equation that would describe given problem is:
[tex]y=400 (1+0.02)^{t} [/tex]
t is the time in years.
I attached the graph of this function.
[tex]y=a (1+r)^{t} [/tex].
Parameter a presents initial amount.
Parameter r is percentage increase.
Parameter t is time.
An equation that would describe given problem is:
[tex]y=400 (1+0.02)^{t} [/tex]
t is the time in years.
I attached the graph of this function.
