Answer:
Step-by-step explanation:
The base of the exponential function is 1 + r.
The initial value is P.
The exponent is t.
Answer:
1+r is the base
P is the initial
t is the exponent
Step-by-step explanation:
The base of an exponential function is the factor that contains the variable exponent. Here that would be 1+r.
The initial value is when t=0 or whatever is in front of the exponential part. I'm saying P is your initial but if you aren't convinced with that... Just plug in 0 for t like so:
[tex]V(0)=P(1+r)^0[/tex]
[tex]V(0)=P\cdot 1[/tex] *anything to 0 power is 1 (except 0^0)
[tex]V(0)=P[/tex]
P is the initial amount.
The exponent is the the variable expression superscript on the repeated factor. So t is the exponent.
