In the equation y=2(3)^x what does the 2 represent? What does the 3 represent?

Question

asked Dec 8, 2023 49.3k views

1 Answer

Ageonix · Answer 1 · 2023-12-13T14:05:24+0000

Answer:

This is an exponential function equation.

Therefore,

The 2 represents: Original amount (Y-intercept)

The 3 represents: Growth factor or (1+r)