Question

The equation to model Exponential Growth is:

Answer 1

Your salary in x years is modeled an the exponential growth

The equation that determines your salary in x years is y = 45000(1.05)^x

How to model the salary growth?

The model of the exponential growth is given as:

y = a(1 + r)^x

From the question, we have:

Initial salary, a = 45000

Raise, r = 5%

So, the equation becomes

y = 45000(1 + 5%)^x

Evaluate the sum

y = 45000(1.05)^x

Hence, the equation that determines your salary in x years is y = 45000(1.05)^x

Read more about exponential functions at:

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