Question

A High School is currently 700 students and increases at an annual rate of 3.5% per year

Create a function which model the above scenario and explain how you arrived at each part of function (initial value, Growth factor,and time)

Answer 1

f(t) = 700(1.035)^t.

Explanation:

Initial value is given as 700 students and this corresponds to time t = 0.

The growth factor is 1 plus 3.5% = 1.035.

The time t is in years.