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Finger [1]
3 years ago
9

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

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?
Mathematics
1 answer:
Svet_ta [14]3 years ago
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%.

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Gennadij [26K]

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