3 years ago

What equation I should use for this problem

1 answer:

3 0

I'm not completely sure, but this should be exponential growth.
If so, the equation for exponential growth is: y = a(1 + r)^t
If I substitute them with the information you gave me, then is would look like this:
y = 281.4(1 + 0.02)^t
**t = is the number of years after 2000 (based on your question)**

Finished!

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