Question

Algebra 2 question number 8

Answer 1

For an exponential growth equation you would multiply the starting value by the percent of increase added to 1, raised to the number of years.

The formula looks like this: Total = Starting value(1. percent of increase)^time.

Using the information in the problem:

y = 4000(1 +0.05)^t

Simplify:

y = 4000(1.05)^t