Please anyone help me :(
1 answer:
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Answer:
11,357.3652
Step-by-step explanation:
This is an exponential growth equation. So fo course you'll need to make the equation first.
"a" would be the initial value
"b" would be the growth factor
"x" would be time so in this case # of years
In this problem 8600 would be your initial value and x would be 4.
They gave you the growth rate which is 7.2% so your going to have to find the growth factor from the growth rate.
To do this you convert the percentage into a decimal then add 1 which represents 100%.
You will end up with 1.072 so this is your growth rate.
Insert all the values into their corresponding 'letters' if you will, and you get the equation
Then you solve.
Not sure if your the same person but I had already done the work for this problem....
