The exponential model has an initial value of 3
The exponential model of the data is f(x) = 3 * (1.2)^x
<h3>How to determine the exponential model?</h3>
From the complete question,we have the following parameters:
- Initial value, a = 3
- Growth rate, r = 0.2
The exponential model is then calculated as:
f(x) = a * (1 + r)^x
Substitute known values
f(x) = 3 * (1 + 0.2)^x
Evaluate the sum
f(x) = 3 * (1.2)^x
Hence, the exponential model of the data is f(x) = 3 * (1.2)^x
Read more about exponential models at:
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