The function P=5(1.07)^t represent exponential growth or decay. What is the initial quantity? What is the growth rate? State if the growth rate is continuous .

DofotheroU

DofotheroU

Answered question

2021-06-27

The function P=5(1.07)t represent exponential growth or decay. What is the initial quantity? What is the growth rate? State if the growth rate is continuous .

Answer & Explanation

hesgidiauE

hesgidiauE

Skilled2021-06-28Added 106 answers

From the general of exponential function P=P0at and the given function P=5(1.07)t we see that initial quantity is P(0)=P0=5 and the base of the exponential function is a=1.07
Since the base is greater than 1 we see that tha growth rate r is r=a1=0.07=7%
The growth rate is not continous because fte function was not written in the form P=P0ekt.

Jeffrey Jordon

Jeffrey Jordon

Expert2021-10-13Added 2605 answers

Answer is given below (on video)

Do you have a similar question?

Recalculate according to your conditions!

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?