Question

To increase any number by a percent we can find the growth factor and multiply the number by that growth factor. Find the factor when 350 is increased 10%

Answer 1

1.10

Explanation:

An exponential function with base b is defined by ƒ(x) = a(b)ˣ.

The base b is the growth factor — the factor by which each successive term is multiplied.

If b > 1, we have exponential growth.

The function is

ƒ(x) = 350(1 + 0.10)ˣ = 350(1.10)ˣ

The growth factor is 1.10.