Question

On your fifteenth birthday you discover you have a rich aunt sally aunt sally is a ver generous women and wants to provide for your future she decided that she will initially give you $1 then $2 the next year and so on doubling the amount each year until you turn 30 . Write the exponential function to show the amount of money you will receive each year ?

Answer 1

We can formulate an exponential function to describe the given situation like this:

`y=a^x`

In this case, the amount of money is doubling each year, then a equals 2 and we get the following function to show the amount of money you will receive each year:

`y=2^x`