Answer:
[tex]y = 260*(1+0.09)^{t}[/tex]
Step-by-step explanation:
The Exponential Growth Formula is written as the following.
[tex]y = a(1+r)^{t}[/tex]
where y is the total at the end of the time period, a is the initial amount, r is the rate of growth as a decimal, and t is the amount of time. Since in the question we are given the initial amount and rate we can plug that into the formula to model the formula after the question.
[tex]y = 260*(1+0.09)^{t}[/tex]
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