Question

What is the value of r in this equation for exponential growth?

Answer 1

Answer:

$r=0.75 = 75$%

Step-by-step explanation:

Equation of General exponential growth function is

$f(x)=a(1+r)^{x}$ ------------ (1)

Where a is initial value x is time and r is growth rate

Given function can be written in following form

$f(x)=2500(1+0.75)^{x}$ ------------ (2)

After comparing (1) and (2) we can conclude that

$r=0.75 = 75$%