Answered

Find the best solutions to your problems with the help of IDNLearn.com's experts. Discover in-depth and reliable answers to all your questions from our knowledgeable community members who are always ready to assist.

The equation to model Exponential Growth is:
y= a(1+r)*
y= total amount
a= starting amount
r= the growth rate as a decimal
t= number of growth periods
Question 2 (1 point)
You have been gotten a job offer and the company wants to start you out at $45,000
and will give you a 5% raise every year. Write an equation you could use to
determine how much you would be making after x number of years.

Sagot :

MrRoyalidn

Your salary in x years is modeled an the exponential growth

The equation that determines your salary in x years is y = 45000(1.05)^x

How to model the salary growth?

The model of the exponential growth is given as:

y = a(1 + r)^x

From the question, we have:

Initial salary, a = 45000

Raise, r = 5%

So, the equation becomes

y = 45000(1 + 5%)^x

Evaluate the sum

y = 45000(1.05)^x

Hence, the equation that determines your salary in x years is y = 45000(1.05)^x

Read more about exponential functions at:

https://brainly.com/question/11464095

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.