Question

Help please I really need help with this question .

Answer 1

exponential

1) Considering that a business has a total income of $238,000 and the text describes a situation in which its revenue goes up by 6.1% every year. We can model this situation with the following equation:

`\begin{gathered} P(n)=238000(1+0.061)^n \\ P(n)=238000(1.061)^n \end{gathered}`

Note that since there is an increase in the Revenue of 6.1% we need to rewrite dividing it by 100 and adding to 1. The "n" stands for the number of years.

2) Thus, we can state that the situation that is represented by an exponential function and since the growth factor is greater than 1, then it is increasing