Answer:
quantity after 5 years will be 113.14
Step-by-step explanation:
A certain quantity grows exponentially over time.
and the function will represent the growth will be [tex]f(t)=ar^{t}[/tex]
where a = 100
and growth factor is 2.5%
So the common factor by which the growth will be = 1 + 0.025 = 1.025
[tex]f(t)=100(1.025)^{t}[/tex]
After t = 5 years
f(5) = 100 (1.025)⁵
= 100 (1.1314)
= 113.14
Therefore, quantity after 5 years will be 113.14.