Question

Find the growth factor from the following model y = 575(1.93)4.
HELPPPPP PLSSS

Answer 1

Given:

Consider the exponential model is:

`y=575(1.93)^x`

To find:

The growth factor.

Solution:

The general form of an exponential model is:

`y=ab^x` ...(i)

Where, a is the initial value and b is the growth factor.

We have,

`y=575(1.93)^x` ...(ii)

On comparing (i) and (ii), we get

`a=575`

`b=1.93`

Therefore, the growth factor is 1.93.