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.

Answer 1

Your salary in x years is modeled an the exponential growth

The equation that determines your salary in x years is y = 45000(1.05)^x

How to model the salary growth?

The model of the exponential growth is given as:

y = a(1 + r)^x

From the question, we have:

Initial salary, a = 45000

Raise, r = 5%

So, the equation becomes

y = 45000(1 + 5%)^x

Evaluate the sum

y = 45000(1.05)^x

Hence, the equation that determines your salary in x years is y = 45000(1.05)^x

Read more about exponential functions at:

https://brainly.com/question/11464095