Given:
The function is:
![f(x)=350(1-0.12)^x](https://img.qammunity.org/2022/formulas/mathematics/college/x0u1bgvb36xwxobkb4y0uyh7q2m9ho41ao.png)
To find:
The initial value of the function.
Solution:
We have,
![f(x)=350(1-0.12)^x](https://img.qammunity.org/2022/formulas/mathematics/college/x0u1bgvb36xwxobkb4y0uyh7q2m9ho41ao.png)
The value of the function at x=0 is called the initial value of the function.
For x=0, we get
![f(0)=350(1-0.12)^0](https://img.qammunity.org/2022/formulas/mathematics/college/mwzjgk7zvgf34b0uop4eevk9ew9cqjn8ea.png)
![f(0)=350(0.88)^0](https://img.qammunity.org/2022/formulas/mathematics/college/ozvb5yppbgeeh0u7jb6o5ki3l11pdzkgey.png)
Clearly 0.88 is a non zero number and zero to the power of a non zero number is always 1.
![f(0)=350(1)](https://img.qammunity.org/2022/formulas/mathematics/college/d3p1xozcxwoblid8grewnb4movnjepcd5o.png)
![f(0)=350](https://img.qammunity.org/2022/formulas/mathematics/college/fpljhz3l6fo2euq9cy2f6x4uybgscea19h.png)
Therefore, the initial value of the function is 350.