Two math students were asked to write an exeponential growth equations that had a starting value of 300 and a growth rate of 2%.

Question

2 years ago

9

Pierre thinks the answer is y=300(1.02)^x and Scott thinks that the answer is y=300(1.2)^x. Are either of them right and why?

1 answer:

Svet_ta [14] · Answer 1 · 2022-08-12T10:34:12+03:00

8 0

Answer:

Pierre is right.

Step-by-step explanation:

A growth rate of 2% means that the values is increasing by 0.02 each year so the multiplying factor is 1.02.

Pierre is correct y = 300(1.02)^x.

Scotts answer 1.2 = a growth rate of 20%.