Answer:
a = 240
b = 1.16
Step-by-step explanation:
Exponential function is given by f(x) = abˣ
Where a = the initial value, b = 1 + r, r being the rate = 16%.
from the function,
a = 240
b = 1 + 16% = 1 + 0.16 = 1.16
Therefore, She should use a = 240 and b = 1.16.