Question

Help asap!! interpret the meaning of the expression

Answer 1

D

Explanation:

This is exponential growth, and to my understanding, the format goes:

initial amount (percent growth/ decay)^time

percent growth = (decimal percent + 1)

percent decay = (1 - decimal percent)

Your equation:

1500(1.02)^t

Using the above format, 1500 appears to be the initial amount, which increases by 2% per annum.

i think