Question

HELLLLLLLLLP MEEEEEEEEEEEE PLEASE, 100 POINTS ON THE LINE

Consider the equation y=250(1.06)^x

What is the initial amount?

What is the rate of growth?

Answer 1

General exponential equation

• y=ab^x

Where

a is initial amount

b is rate of change

On comaparing

• y=250(1.06)^x

Rate of growth=1.06

initial amount=250