The required function is:
Option 3:
Step-by-step explanation:
The initial value and rate is used to write exponential function
Here
Given
Initial value = 37
Rate = r = 5%
When the rate is 5%, the next year the quantity will be 1+0.05 = 1.05 time of the current quantity.
So,
The function can be written as:
For initial value, put t=0
Hence,
The required function is:
Option 3:
Keywords: Functions, exponential functions
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