The correct answer would be A
The exponential equation in its generic form is:
y = A * (b) ^ t
Where,
A: initial amount
b: base (Growth rate for b> 1. Decrease rate for b <1.)
t: time.
We have then that the equation is:
N = 40.25 (1.0394) ^ t
The base is:
b = 1.0394> 1 (it is a growth rate)
Answer:
The base, b, of the exponential model is:
b = 1.0394
the base is a growth rate
The gardener planted 665 strawberries
Let x be the initial deposited amount.
x + 10 will be the final amount
x + 10 = x(1.0003)
The initial amount will not be 0
x/x + 10/x = x(1.0003) / x
1 + 10/x = 1.0003
10/x = 0.0003
x = $33,333.33
You would need to deposit over $30,000