Answer:14708
Step-by-step explanation:Exponential Functions:
y=abxy=ab^x this is not right not correct
y=ab
x
a=starting value = 13000a=\text{starting value = }13000
a=starting value = 13000
r=rate = 2.5%=0.025r=\text{rate = }2.5\% = 0.025
r=rate = 2.5%=0.025
Exponential Growth:\text{Exponential Growth:}
Exponential Growth:
b=1+r=1+0.025=1.025b=1+r=1+0.025=1.025
b=1+r=1+0.025=1.025
Write Exponential Function:
y=13000(1.025)xy=13000(1.025)^x
y=13000(1.025)
x
Put it all together
Plug in time for x:\text{Plug in time for x:}
Plug in time for x:
y=13000(1.025)5y=13000(1.025)^{5}
y=13000(1.025)
5
y=14708.30677y= 14708.30677
y=14708.30677
Evaluate
y≈14708y\approx 14708
y≈14708
