Answer:
The initial value is 1 and growth factor as a percentage will be 710%.
Step-by-step explanation:
The exponential growth function is given by ......... (1), where, a is called as the initial value and b is called as the growth factor.
Now, in this case the the function is given to be ....... (2)
Now, comparing equation (1) and (2), we get
a = 1 and b = 8.1
Now, b = 1 + r
⇒ 8.1 = 1 + r
⇒ r = 7.1
So, the initial value is 1 and growth factor as a percentage will be 7.1 × 100 % = 710%. (Answer)