The estimate of the number of students studying abroad in 2003 is 169 and the estimate of the number of students studying abroad in 2018 is 433
<h3>a. Estimate the number of students studying abroad in 2003.</h3>
The function is given as:
y = 123(1.065)^x
Where x represents years from 1998 to 2013
2003 is 5 years from 1998.
This means that
x = 5
Substitute the known values in the above equation
y = 123(1.065)^5
Evaluate the exponent
y = 123 * 1.37008666342
Evaluate the product
y = 168.520659601
Approximate
y = 169
Hence, the estimate of the number of students studying abroad in 2003 is 169
<h3>b. Assuming this equation continues to be valid in the future, use this equation to predict the number of students studying abroad in 2018.</h3>
2018 is 20 years from 1998.
This means that
x = 20
Substitute the known values in the above equation
y = 123(1.065)^20
Evaluate the exponent
y = 123 * 3.52364506352
Evaluate the product
y = 433.408342813
Approximate
y = 433
Hence, the estimate of the number of students studying abroad in 2018 is 433
Read more about exponential functions at:
brainly.com/question/11464095
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