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From the given exponential function, we have that:
- The initial amount is of 175.
- The growth rate is of 2.8%.
- When t = 5, we have that
.
<h3>What is an exponential function?</h3>
An increasing exponential function is modeled by:
In which:
- A(0) is the initial value.
- r is the growth rate, as a decimal.
In this problem, the function is:
- The initial value is of
.
- The growth rate is of
, as
.
When t = 5, we have that:
You can learn more about exponential functions at brainly.com/question/25537936