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Write an exponential function for the value, y, after x years

Write an exponential function for the value, y, after x years-example-1

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Explanation:

Step 1: Set x equal to 0 to find the y-int


y = 10000(1 - 0.40) → Not an exponential equation


y=10000(1-0.40)^0 → 10,000 → Works for first test


y = 10000(1-0.60)^0 → 10,000 → Works for first test


y = 10000(1+0.40)^0 → 10,000 → Works for first test

Step 2: Set x equal to 1


y=10000(1-0.40)^1 → 6,000 → Works for second test


y = 10000(1-0.60)^1 → 4,000 → Does not work for the second test


y = 10000(1+0.40)^1 → 14,000 → Does not work for the second test

Answer: The answer is Option B

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