Question

EXPONENTIAL GROWTH FUNCTION

EXPONENTIAL DECAY FUNCTION
y = a(1 + r)
y = a(1-r)"
EXPONENTIAL GROWTH APPLICATIONS
1. Annual sales for a fast food restaurant are $650,000 and are Increasing at a rate of 4%)per year.
Write an exponential growth function, then find the annual sales after 7 years.

Answer 1

you can use the formula of ś = s (1+r/100)^t

Explanation:

where ś = sales after 7 years

t= time taken

s= initial sales

r = rate