Answer:
y = 1500(1.079)^t
Step-by-step explanation:
Here, we want to write an exponential function
Mathematically, we have this generally as;
FV = IV( 1 + r)^t
where FV is future value which is y in this case
IV is the initial value which is 1,500 kn^2 in this case
r is the rate of change which is 7.9%
7.9/100 = 0.079
t is the time difference
so we have the equation as;
y = 1500(1 + 0.079)^t
y = 1500(1.079)^t
