Question

Can someone please help? the value of a plot of land increases 8% every year. the value is $350000 now, and the owner wants to sell it when the value is at least $570000. shanna writes an exponential function of the form, v(t)=a*b^t, to model the value,v, of the land in t years. i need to know what the value of b is and the domain

Answer 1

The value of b in the exponential function which is formed by Shanna for the price of land is 8% or 0.08.

What is percentage increase ?

Percentage increase is the amount added to the initial value in the percentage part.

The value of a plot of land which is increases 8% every year has the current value of $350000.

The final value owner wants is $570000.  Shanna writes an exponential function of the form, to model the value,v, of the land in t years as,

$v(t)=a\times b^t$

Here, in this exponential function the value of a is fixed or initial term which is $350000 and the value of b is the constant term which is change factor. Here, the value of b is 8%.

b=8%

b=8/100

b=0.08

Thus, the value of b in the exponential function which is formed by Shanna for the price of land is 8% or 0.08.

Learn more about the percentage increase here;

https://brainly.com/question/2085058

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