Question

9) Write a function with the following information: initial value is 300,

growth, growth rate of 15% *

Answer 1

P(t) = 300e^0.15t

Explanation:

The exponential equation for calculating the growth rate is expressed as;

P = P0e^rt

P0 is the initial value =300,

r is the growth rate = 15% = 0.15

t is the time

Substitute;

P = 300e^0.15t

Hence the function that represent the information is P = 300e^0.15t