Answer:
Her grant in four years time will be of $13108.
Step-by-step explanation:
Exponential equation:
An exponential equation has the following format:
In which A(0) is the initial value and r is the growth rate, as a decimal.
A student get a grant of $10000 a year assuming her grant is increased by 7% each year
This means that
So
What will her grant be in four years time?
This is A(4). So
Her grant in four years time will be of $13108.