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Assume an exponential function has a starting value of 8 and a growth rate of 0.76%. Write an equation to model the situation.

User Aushin
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Final answer:

An exponential function models a situation with constant growth rate. The equation for this situation is y = 8 * (1 + 0.0076)^x.

Step-by-step explanation:

An exponential function models a situation where the growth rate is constant over time.

In this case, the function starts at 8 and has a growth rate of 0.76%.

The equation to model this situation is:

y = 8 * (1 + 0.0076)^x

Where y represents the value at any given time x.

User Jpap
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