Question

The equation to model Exponential Growth is:
y = a(1 + r)"
'
y= total amount
a= starting amount
r= the growth rate as a decimal
t= number of growth periods
Question 2 (1 point)
You have been gotten a job offer and the
company wants to start you out at $45,000 and
will give you a 5% raise every year. Write an
equation you could use to determine how much
you would be making after x number of years.
X

Please help me!!!!!

Answer 1

The exponential function that represents this situation is given by y = 45000(1.05)ˣ

What is an exponential function?

An exponential function is in the form:

$y = a(1+r)^t$

Where y= total amount, a= starting amount, r= the growth rate as a decimal, t= number of growth periods

The company wants to start you out at $45,000, hence a = 45000.

The raise is 5% (0.05), hence 1 + r = 1 + 0.05 = 1.05

The exponential function is given by:

y = 45000(1.05)ˣ

The exponential function that represents this situation is given by y = 45000(1.05)ˣ

Find out more on exponential function at: https://brainly.com/question/12940982