Question

A business manager determines that the business’s revenue for a year x years after her assessment can be found using the function f (x) = 3000 • (1.04)^x. What is the meaning of the y-intercept in this situation?

Answer 1

Revenue in the assessment year was 3000

Explanation:

Y intercept is when x = 0.

Which is Y = 3000×(1.04)⁰

= 3000