Identify the initial amount a and the rate of growth r (as a percent) of the exponential function y=350(1+0.75)t. Evaluate the function when t=5. Round your answer to the nearest tenth.

Respuesta :

Answer:

A. [tex]a=350[/tex] and [tex]r=75\%[/tex]

B. 5744.6.

Step-by-step explanation:

We have been given an exponential function [tex]y=350(1+0.75)^t[/tex] and we are asked to identify the initial amount and the rate of growth of our given function.

A. Since we know that an exponential function is in form: [tex]y=a*b^x[/tex], where,  

a = Initial value,

b = For growth b is in form (1+r), where r is in decimal form.

So, the exponential growth function is [tex]y=a*(1+r)^x[/tex]

Upon comparing the given exponential function with our exponential function we can see that a equals 350 and r equals 0.75.

Since growth rate is given in decimal form, so let us convert it as percent by multiplying by 100.

[tex]r=0.75*100=75\%[/tex]

Therefore, initial amount a is 350 and rate of growth is 75% for our given function.

B. Let us evaluate our function at t=5 by substituting t=5 in our given function.

[tex]y=350(1+0.75)^5[/tex]

[tex]y=350(1.75)^5[/tex]

[tex]y=350*16.4130859375[/tex]

[tex]y=5744.580078125\approx 5744.6[/tex]

Therefore, at t=5 we will get 5744.6.

We will see that the initial amount is A = 350, and the rate of growth is r = 75% per unit of time.

Finally, the function evaluated in t = 5 is equal to 5,744.6

A general exponential growth equation is written as:

f(t) = A*(1 + r)^t

Where:

A is the initial amount, such that:

f(0) = A.

r is the rate of growth, and t is the variable.

Here the given equation is:

y = 350*(1 + 0.75)^t

So we can see that the initial value is:

A = 350

And the rate is:

r = 0.75

But we want to write the rate in percent form, so we multiply it by 100%.

r = 0.75*100% = 75%.

Finally, we want to evaluate the function in t = 5, this gives:

y = 350*(1 + 0.75)^5 = 5,744.6

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