The function f(t)=6500(1.85)^{365t}f(t)=6500(1.85) 365t represents the change in a quantity over t years. What does the constant 1.85 reveal about the rate of change of the quantity?

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asked Jan 6, 2023 91.3k views

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The function f(t)=6500(1.85)^{365t}f(t)=6500(1.85)

365t represents the change in a quantity over t years. What does the constant 1.85 reveal about the rate of change of the quantity?

Mathematics
high-school

Arowell asked

by Arowell

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Answer:

The function is *growing* exponentially at a rate of *0.85%* every *year*

Explanation:

Kang Ming Chua answered Jan 12, 2023

by Kang Ming Chua

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