The equation P(t) = 504 (1.05)^t represents what kind

socorraob

socorraob

Answered question

2022-01-20

The equation P(t)=504(1.05)t represents what kind of function? Which one is it?
Linear
Exponential decay
Exponential growth
Constant

Answer & Explanation

alkaholikd9

alkaholikd9

Beginner2022-01-20Added 37 answers

Consider the provided question,
Given equation P(t)=504(1.05)t
The exponential function is given by the formula,
y=abx
here, a is initial value
x = nmber of time intervals
b is the growth or decay rate. it has been replaced by
(1+r) or by (1-r).
If b=1+r, it denotes the growth rate.
Ifb=1-r, it denotes the decay rate.
Now, the exponential growth and decay formula is given by,
Exponential Growth
y=a(l+r)x
Exponential Decay,
y=a(lr)x
The given equation is expressed as,
P(t)=504(1.05)t
P(t)=504(1+0.05)t
here, it is in the fon of exponential
growth fomula.
Thus, the comect answer is Exponential growth.

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