Question

PLEASE HELP ME ASAP!!!

Answer 1

$54,742.76

Explanation:

The equation for an exponential function is
`f(x)=ab^x\\`, where
`a` is the starting value, which is 40,000. This value increases by 4%, so
`b` is 1.04. Finally,
`x` is the term that the value is increasing for, which in this case is 8.

So, the equation is
`f(x)=40000*1.04^8`

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`f(x)` can be replaced with
`y`